SOURCE: Brodsky & Smith, LLC

November 19, 2008 13:13 ET

Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against Sadia S.A.

BALA CYNWYD, PA--(Marketwire - November 19, 2008) - Law offices of Brodsky & Smith, LLC announces that a class action lawsuit has been filed on behalf of all persons who purchased American Depository Receipts in and/or common stock of Sadia S.A. ("Sadia" or the "Company") (NYSE: SDA) (BOVESPA: SDIA4) between May 1, 2008 and September 26, 2008 (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Southern District of New York.

The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market, thereby artificially inflating the price of Sadia.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you are a Sadia shareholder you have certain rights. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you want to discuss your legal rights, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Evan J. Smith, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.

Contact Information

  • Contact:
    Evan J. Smith, Esquire
    Marc L. Ackerman, Esquire
    Email Contact
    toll free 877-LEGAL-90