JBS UPDATE: Rosen Law Firm Reminds JBS S.A. Investors of Important Deadline in Class Action Filed by Firm - JBSAY

NEW YORK, July 14, 2017 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the American Depositary Receipts of JBS S.A. from June 2, 2015 through May 19, 2017, both dates inclusive (the "Class Period") issues this update on the pending securities class actions.

On May 22, 2017 the first action was filed by Rosen Law Firm in the in the U.S. District Court for the Eastern District of New York styled as Murphy v. JBS S.A., et al., pending in the U.S. District Court for the Eastern District of New York.

On July 6, 2017 a related case was filed by another investor styled as GWI Enterprise Ltd. v. JBS  S.A., et al., in the same Court.  

The lawsuits seek to recover damages for JBS investors under the federal securities laws.  Both lawsuits will be consolidated and lead plaintiffs will be appointed.  The deadline for investors or seek lead plaintiff status is July 21, 2017.

To join the JBS class action, go to http://www.rosenlegal.com/cases-1130.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) JBS executives bribed regulators and politicians to subvert food inspections of its plants and overlook unsanitary practices, such as processing rotten meat and running plants with traces of salmonella; (2) JBS Chairman Joesley Batista was providing monthly bribery payments to a former Brazilian government official and a lobbyist; (3) there were irregularities with the loans JBS received from Brazilian state-owned development bank BNDES; (4) JBS and other entities controlled by JBS Chairman Joesley Batista and JBS CEO Wesley Batista made suspicious trades that exhibit signs of possible insider trading prior to the revelation of a plea deal by JBS' top executives; and (5) as a result, defendants' statements about JBS' business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 21, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1130.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors. Attorney Advertising.  Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      Kevin Chan, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34^th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      kchan@rosenlegal.com
      www.rosenlegal.com

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SOURCE Rosen Law Firm, P.A.