April 24, 2020 / 12:40 AM / a month ago

Brazil's BRF to pay $40 million to settle NY class action- filing

SAO PAULO, April 23 (Reuters) - Brazilian poultry exporter BRF SA said late on Thursday it has reached an agreement to end a class action lawsuit in New York.

BRF will pay $40 million to settle claims by investors who owned its American Depositary Receipts between April 2013 and March 2018, the company said in a securities filing.

Reporting by Tatiana Bautzer; Editing by Sandra Maler

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