Class Action Lawsuit On Behalf Of Sadia S.A.( NYSE:SDA) Investors Against Sadia S.A. Filed

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 12, 2008 -- On Wednesday, November 05, 2008, a shareholder of Sadia S.A. (NYSE:SDA) has filed a proposed securities class action lawsuit on behalf of of all investors who purchased Sadia S.A. (NYSE: SDA) American Depository Receipts (ADRs) and/or common stock between May 1, 2008 through September 26, 2008 (NYSE: SDA) in the United States District Court for the Southern District of New York.

If you currently own and/or purchased Sadia S.A. (NYSE: SDA) American Depository Receipts (ADRs) and/or common stock between May 1, 2008 through September 26, 2008 (NYSE: SDA), you have certain options and there are strict and short deadlines running. (January 2, 2009). You should contact the Shareholders Foundation, Inc. immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

According to the complaint the plaintiff seeks damages for violations of federal securities laws on behalf of all investors who purchased Sadia S.A. (NYSE: SDA) American Depository Receipts (ADRs) and/or common stock between May 1, 2008 through September 26, 2008. Specifically Sadia S.A. entered into undisclosed currency derivative contracts to purportedly hedge against the Sadia S.A.’s U.S. dollar exposure and characterized the amounts of these contracts as “nominal.”, so the lawsuit. But the plaintiff alleges that these contracts violated Sadia S.A.’s policy in that they were far larger than necessary to hedge normal business operations and resulted in a loss of $365 million and as a result of defendants’ admission of violating Sadia S.A.’s policy regarding currency hedging the ADRs of Sadia S.A. closed at $9.50 per share, down from the previous day’s close of $15.27, a decline of 38%.

If you currently own and/or purchased Sadia S.A. (NYSE: SDA) American Depository Receipts (ADRs) and/or common stock between May 1, 2008 through September 26, 2008 (NYSE: SDA), you have certain options and there are strict and short deadlines running. (January 2, 2009). You should contact the Shareholders Foundation, Inc. immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554
www.ShareholdersFoundation.com
------------------------------

Advertising. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders.Shareholders Foundation, Inc. we believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. The Shareholders Foundation, Inc. is not a law firm. Any statements made in press releases, emails or over the phone by any member or personnel employed by Shareholders Foundation, Inc. or by third parties related to the Shareholders Foundation, Inc. is provided for research and guidance purposes only and are not legal advices, as we can not give you legal advice. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

adr     class action     lawsuit     NYSE     Sadia     Sadia S.A.     SDA     securities laws     shareholders foundation