JBS ADR SETTLEMENT

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JBS ADR SETTLEMENT
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 The information contained on this web page is only a summary of information presented in more detail in the Notice of
(1) Pendency and Proposed Settlement of Class Action and (2) Hearing on Proposed Settlement (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.

Lead Plaintiff GWI Enterprise Ltd., on behalf of itself and the Class, has reached a settlement (the “Settlement”) to resolve all claims asserted in the Lawsuit.  The Settlement calls for JBS to pay a Settlement Amount of $5,466,600 for the benefit of the Class, as well as a Settlement Expense Amount of $400,000 to cover the expenses associated with implementing the Settlement (“Settlement Expenses”) and a waiver of payment of any mediation fees and expenses arising out of mediation that occurred before the Settlement Agreement was executed.  Any portion of the Settlement Expense Amount not used to pay Settlement Expenses will be added to the Settlement Amount.

Your rights may be affected by a class-action lawsuit pending in this Court if you purchased or otherwise acquired American Depositary Receipts (“ADRs”) for shares of JBS S.A. during the period from June 1, 2013 through July 5, 2017, inclusive.  This Settlement relates only to ADRs of JBS and does not affect any rights arising from or relating to Ordinary Shares of JBS.

If you are a Member of the Class, you are subject to the Settlement unless you timely ask to be excluded from it.  The Class consists of all persons, entities or legal beneficiaries, or participants in any entities who purchased or otherwise acquired ADRs for JBS shares during the Class Period of June 1, 2013 through July 5, 2017, inclusive.  If you did not purchase ADRs during the Class Period, you are not a Member of the Class and your rights will not be affected by this Settlement.  If you purchased only Ordinary Shares for JBS, you do not need to take any action in response to this Notice because you are not a Member of the Class.

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found on the menu at the left of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.


YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT:

REMAIN A MEMBER OF THE CLASS AND SUBMIT A CLAIM FORM TO OBTAIN SETTLEMENT RELIEF

This is the only way you will be eligible for a settlement payment.  If you want to obtain a payment as a Class Member, you must submit a Claim Form (included with this Notice) postmarked or received no later than July 8, 2019.

EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION POSTMARKED OR RECEIVED NO LATER THAN JUNE 6, 2019

You will not receive any settlement payment.  This is the only option that allows you to be part of any other lawsuit against JBS or any related persons or entities concerning the claims in this case.

OBJECT TO THE SETTLEMENT BY SUBMITTING WRITTEN OBJECTIONS POSTMARKED OR RECEIVED NO LATER THAN JUNE 6, 2019

Write to the Court and explain why you do not like any aspect of the Settlement, including the proposed Plan of Allocation or the request for attorneys’ fees and expenses or an incentive award for Lead Plaintiff.  You can object to the Settlement only if you are a Class Member and do not exclude yourself.

GO TO THE HEARING ON JULY 18, 2019, AT       11 A.M. ET, AND FILE A NOTICE OF INTENTION TO APPEAR, RECEIVED NO LATER THAN     JUNE 6, 2019

Ask to speak in Court about the fairness of any aspect of the Settlement, including the proposed Plan of Allocation, or the request for attorneys’ fees and expenses or an incentive award for Lead Plaintiff.

DO NOTHING

You will not receive a settlement payment, but you will remain a Class Member and will give up your right to pursue any claim that is covered by the Settlement.

 
Please read the Notice carefully.  If you have questions, you may call the JBS ADR Settlement Help Line at 800-949-1484 or email info@JBSADRSettlement.com 

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