SLBs: Broken Promise—New Article Features Firm’s Groundbreaking Whistleblower Work

Uxolo reporter Clara Amorim just published a compelling article that examines how companies use “greenwashing” techniques to raise money while misleading investors into thinking they are helping mitigate the worst effects of climate change by buying these companies’ “sustainability-linked bonds.” Ms. Amorim featured our recent filing with the SEC’s Office of the Whistleblower, in which Mighty Earth’s senior executives allege that meat-processing giant JBS misrepresented its environmental record when raising $3.2 billion from U.S. capital markets. We are honored to work alongside and its executives Alex Wijeratna and Glenn Hurowitz in the effort to hold JBS accountable.

The article cites our work on the matter: “Kevin Galbraith, the lawyer who filed the complaint against JBS to the SEC, believes “this could be a really emblematic case – a[n] SEC investigation and enforcement action could have a ripple effect on wrongdoers in the market.”

As Galbraith says, “I think there is disquiet that SLBs and green bonds have skyrocketed over the last few years with no accountability… when you look under the hood, oftentimes the issuers’ claims just don’t stand up to scrutiny.”

If you are aware of other examples of companies misleading investors through “greenwashing” claims, please contact a securities fraud attorney at The Galbraith Law Firm by emailing kevin@galbraithlawfirm.com or calling 212.203.1249, for a free confidential consultation and evaluation of your potential whistleblower claim. Whistleblowers can be either company insiders or outside observers who have detected corporate wrongdoing.