LOS ANGELES--(BUSINESS WIRE)--
If you purchased or otherwise acquired JBS shares and would like more information regarding the investigation, we encourage you to click here, or contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
Brazilian federal police raided the offices of JBS after a two-year investigation into alleged bribery of regulators to subvert inspections of their plants. The investigation, known as “Operation Weak Flesh,” had unearthed about 40 cases of meatpackers who had bribed inspectors and politicians to overlook unsanitary practices such as processing rotten meat and operating plants with traces of salmonella.
Police apprehended two JBS employees, as well as 20 public officials. JBS offered in a securities filing that three of its plants and one of its employees were targeted in the probe. When this information was announced to shareholders, the value of JBS stock dropped, causing harm to investors.
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