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Brazil's BRF settles US class action suit for US$40 million: filing

Brazil's BRF settles US class action suit for US$40 million: filing

FILE PHOTO: Logos of Brazilian meatpacker BRF SA are seen in the headquarters in Curitiba, Brazil October 1, 2019. REUTERS/Rodolfo Buhrer

SAO PAULO: Brazilian food processor BRF SA said on Friday the company has settled for US$40 million a U.S. class action suit against certain executives, according to a securities filing.

The settlement closes all pending claims that may be brought by persons or entities that acquired American Depositary Receipts of the company between April 4, 2013 and March 5, 2018, the filing said.

(Reporting by Ana Mano and Jake Spring; Editing by Chris Reese)

Source: Reuters

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