Minority shareholders of JBS will sue the Batista brothers.
The Association of Minority Investors (Aidmin) will file a civil lawsuit against the Batista brothers to compensate J&F in order to minimize potential losses for investors due to illegal acts committed by the businessmen; the idea is to forward the case to the Public Prosecutor's Office, requesting compensation equivalent to the damage caused to the company; the figure is still under discussion, but is close to R$ 1 billion.
247 Minority investors intend to file a class action lawsuit against brothers Joesley and Wesley Batista, owners of J&F, to try to minimize the losses caused to shareholders due to the illegal acts committed by the company.
Second report by Valor EconômicoThe Association of Minority Investors (Aidmin) is expected to present the public action at the JBS shareholders' meeting scheduled for September 1st.
BNDESPar, which concentrates the shareholdings of BNDES – the bank owns 21,3% of JBS's capital – has signaled its support for the initiative to require the brothers to compensate the company.
The idea is to forward the case to the Public Prosecutor's Office, requesting compensation equivalent to the damage caused to the company. The exact figure is still under discussion and is likely to be the subject of much debate, but it is estimated to be around R$ 1 billion.