<div>UPDATE 1-'Misled' shareholders in Brazil's JBS seek $270 mln damages</div> <!-- no image --> <div>A group of shareholders in JBS SA has started arbitration proceedings against the Brazilian beef company, claiming they were misled after the company's IPO in Brazil in 2007.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=5jjNqRcoRRg:JYH0i5-PR2g:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=5jjNqRcoRRg:JYH0i5-PR2g:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=5jjNqRcoRRg:JYH0i5-PR2g:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=5jjNqRcoRRg:JYH0i5-PR2g:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=5jjNqRcoRRg:JYH0i5-PR2g:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/5jjNqRcoRRg" height="1" width="1" alt=""></div> Posted by Reuters