An investor in NYSE:TSN shares filed a lawsuit over alleged violations of Federal Securities Laws by Tyson Foods, Inc..
Investors who purchased shares of Tyson Foods, Inc. (NYSE:TSN) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The plaintiff alleges on behalf of purchasers of Tyson Foods, Inc. (NYSE:TSN) common shares between November 23, 2015 and October 7, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 23, 2015 and October 7, 2016 Tyson Foods had conspired to fix chicken prices and that, as a result, defendants’ statements were allegedly materially false and misleading at all relevant times.
On September 2, 2016, certain media outlets reported the filing of an antitrust lawsuit against Tyson Foods asserting that it conspired to manipulate the price of broiler-chickens.
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. (NYSE:TSN) 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.
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