An investigation for investors in NASDAQ:SAFM shares over potential securities laws violations by Sanderson Farms and certain of its directors and officers was announced.
Investors who purchased shares of Sanderson Farms, Inc. (NASDAQ:SAFM), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Sanderson Farms regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 7, 2016, Pivotal Research downgraded the Company’s peer, Tyson Foods, Inc. from “buy” to “sell,” noting apprehensions about a “powerfully convincing” class action against Tyson Foods, Inc, Sanderson Farms, Inc, and some of its industry peers as defendants, alleging price collusion in the broiler-chicken market. The complaint alleges that at the beginning of 2008, Tyson Foods, Inc, Sanderson Farms, Inc, and several other companies conspired by sharing proprietary data and reducing production to support prices. Shares of Sanderson Farms, Inc. (NASDAQ:SAFM) declined on October 7, 2016 to as low as $86.75 per share.
On October 19, 2016, NASDAQ:SAFM shares closed at $91.03 per share
Those who purchased NASDAQ:SAFM shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego