Rosen Law Firm, a prominent global investor rights law firm, is currently conducting an investigation into possible securities claims against JBS S.A. The investigation follows allegations that JBS may have provided materially misleading business information to the investing public.
If you have purchased JBS securities, you may be eligible for compensation without any out-of-pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is actively preparing a class action to recover investor losses.
To participate in the prospective class action, you can visit this link: [https://rosenlegal.com/submit-form/?case_id=22976](https://rosenlegal.com/submit-form/?case_id=22976), or contact Phillip Kim, Esq. at 866-767-3653 or via email at [email protected].
The investigation stems from a Reuters article published on February 28, 2024, titled “New York sues meatpacking giant JBS over climate claims.” According to the article, JBS is facing a lawsuit from New York State’s attorney general, who accused the company of misleading the public about its environmental impact to drive sales. The attorney general claimed that JBS USA Food Co., the American-based unit of the Brazilian company, lacks a feasible plan to achieve net zero greenhouse gas emissions by 2040, making their commitment to that goal false and deceptive.
The news of the lawsuit caused a decline in JBS’ American Depositary Receipts (ADRs), with a drop of $0.22 per ADR, or 2.4%, resulting in a closing price of $9.02 per ADR on February 28, 2024.
At the Rosen Law Firm, we urge investors to choose qualified counsel with a proven track record of success in leadership roles. Unlike many other firms, we have the experience, resources, and peer recognition necessary to litigate securities class actions effectively. Moreover, our firm has achieved the largest-ever securities class action settlement against a Chinese company and has a strong record of recovering substantial amounts for investors.
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Please note that this is attorney advertising and previous results do not guarantee a similar outcome. For more details, feel free to contact Laurence Rosen, Esq. or Phillip Kim, Esq. at The Rosen Law Firm.
In addition to the information provided in the article, here are some additional facts, trends, forecasts, key challenges, and controversies associated with the subject:
1. Market Trends: The meatpacking industry has been under increasing scrutiny regarding its environmental impact and sustainability practices. Consumers are becoming more conscious of the environmental consequences of meat production, leading to a rise in demand for sustainable and plant-based alternatives.
2. Forecasts: The lawsuit against JBS and the allegations of misleading the public about its environmental impact could have significant implications for the company’s reputation and financial performance. If the claims are substantiated, JBS may face financial penalties and a decline in investor confidence.
3. Key Challenges and Controversies: The key challenge for JBS is to address the allegations made by the New York State attorney general and regain public trust. The controversy surrounding the company’s commitment to achieving net zero greenhouse gas emissions by 2040 raises questions about its environmental practices and sustainability initiatives.
Advantages of participating in the prospective class action:
– Potential for compensation: By participating in the class action, investors may have the opportunity to recover their losses if the litigation is successful.
– No out-of-pocket fees or costs: The contingency fee arrangement offered by the Rosen Law Firm ensures that participants do not have to bear any upfront expenses.
Disadvantages of participating in the prospective class action:
– Uncertain outcome: The outcome of the class action is uncertain, and there is no guarantee of success or the amount of compensation that may be awarded.
– Lengthy legal process: Class actions can be time-consuming, with the litigation process potentially taking several years to reach a resolution.
For more information about the Rosen Law Firm and updates on the case, you can follow them on LinkedIn, Twitter, or Facebook through the provided links:
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– [Facebook – The Rosen Law Firm](https://www.facebook.com/rosenlawfirm/)
Please note that the above forecasts and discussions are based on general observations and should not be considered as financial advice. It is important to consult with a qualified financial professional for specific investment decisions.