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.
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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 rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding BRF's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
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Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP
