An investigation for investors in NYSE:TSN shares was announced over possible breaches of fiduciary duties by certain directors of Tyson Foods, Inc.
Investors who are current long term investors in Tyson Foods, Inc. (NYSE:TSN) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm for investors in NYSE:TSN stocks follows a lawsuit filed recently against Tyson Foods, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:TSN stocks, concerns whether certain Tyson Foods directors are liable in connection with the allegations made in that lawsuit. According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that 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.
Shareholders Foundation, Inc.
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