NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of JBS S.A. (“JBS” or the “Company”) (OTC: JBSAY). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether JBS and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On February 28, 2024, Reuters published an article entitled “New York sues meatpacking giant JBS over climate claims.” The article reported, in relevant part, that New York State’s Attorney General has “accused [JBS] 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’s American Depositary Receipt (“ADR”) price fell $0.22 per share, or 2.38%, to close at $9.02 per share on February 28, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
