|Company Name||BRF S.A.|
The investigation concerns whether the Company issued false and/or misleading statements and/or failed to disclose material information to investors.
On March 5, 2018, Reuters reported that Brazilian federal police arrested BRF’s former CEO on charges that he and other executives knew that BRF fraudulently avoided food safety checks. On this news, BRF’s share price fell $1.83, or more than 19% to close at $7.59 per share on March 5, 2018, thereby injuring investors.
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