NEW YORK, March 17, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at BRF S.A. ("BRF" or the "Company") (NYSE:BRFS).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, on March 17, 2017, multiple news outlets reported that Brazil's federal police raided BRF offices and other meatpackers following a two-year investigation into alleged bribery of regulators regarding the inspections of their facilities. The investigation, known as "Operation Weak Flesh," exposed approximately 40 cases of meatpackers who bribed inspectors and politicians to overlook unsanitary procedures. It was reported that Brazilian police arrested three BRF employees, and 20 public officials.
On this news, BRF American Depositary Receipts ("ADRs") declined significantly, causing harm to investors.
Request more information now by clicking here: www.faruqilaw.com/BRFS. There is no cost or obligation to you.
Take Action
If you invested in BRF ADRs and would like to discuss your legal rights, visit www.faruqilaw.com/BRFS. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding BRF's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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