An investigation for investors in NYSE:TSN shares was announced over potential breaches of fiduciary duties by certain directors at Tyson Foods, Inc.
Investors who purchased shares of Tyson Foods, Inc. (NYSE:TSN) 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 concerns whether certain Tyson Foods directors breached their fiduciary duties and caused damage to the company and its shareholders.
Tyson Foods, Inc. reported that its Total Revenue rose from over $33.05 billion for the 52 weeks period that ended on Sept. 29, 2012 to $41.37 billion for the 53 weeks period that ended on Oct. 3, 2015 and that its Net Income for those respective time period increased from $583 million to $1.22 billion.
Shares of Tyson Foods, Inc. (NYSE:TSN) grew from $15.15 per share in August 2012 to as high as $76.93 per share on September 23, 2016.
On October 7, 2016, Pivotal Research downgraded Tyson Foods, Inc from “buy” to “sell,” noting apprehensions about a “powerfully convincing” class action against Tyson Foods, 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 and several other companies conspired by sharing proprietary data and reducing production to support prices. Shares of Tyson Foods, Inc. declined to as low as $65.85 per share on October 7, 2016.
Those who purchased NYSE:TSN shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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