Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of JBS S.A. (OTC: JBSAY) resulting from allegations that JBS may have issued materially misleading business information to the investing public.

If you purchased JBS securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased JBS securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

On February 28, 2024, Reuters published an article entitled “New York sues meatpacking giant JBS over climate claims.” The article stated, in pertinent part, that “JBS, the world’s largest beef producer, was sued on Wednesday by New York state’s attorney general, which accused it of misleading the public about its impact on the environment in order to boost sales. Attorney General Letitia James said JBS USA Food Co, the Brazilian company’s American-based unit, has “no viable plan” to reach net zero greenhouse gas emissions by 2040, making its stated commitment to achieving that goal false and misleading.”

On this news, JBS’ American Depositary Receipts (“ADRs”) fell $0.22 per ADR, or 2.4%, to close at $9.02 per ADR on February 28, 2024.

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Company Name: JBS S.A.
Stock Symbol: JBSAY
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

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