White Case-Guided Stock Listing Faces Uphill Battle As Advocates Step Up Opposition
Advocates Step Up Efforts to Block White. .
Opponents of a bid by Brazilian meatpacking giant JBS to raise capital via a New York Stock Exchange listing are ramping up pressure on the company and its legal advisors, White Case LLP. While proponents maintain that the listing will benefit the company and its investors, opponents argue that it could lead to environmental degradation and animal welfare concerns.
White Case LLP faces an Uphill Battle
White Case LLP is advising JBS on the proposed listing, which is expected to raise up to $2 billion. However, the firm is facing an uphill battle as opponents of the listing have vowed to fight it every step of the way. These opponents include environmental groups, animal rights activists, and labor unions. They argue that the listing would allow JBS to expand its operations in the Amazon rainforest, leading to deforestation and the destruction of habitat for endangered species. They also allege that JBS has a history of animal cruelty and that its operations pose a threat to workers' safety.
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