NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces that it has commenced an investigation of Pilgrim’s Pride Corporation (“Pilgrim’s Pride” or the “Company”) (NASDAQ:PPC) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On October 7, 2016, Pivotal Research downgraded the Company’s peer, Tyson Foods, Inc., citing concerns about a “powerfully convincing” class action naming Tyson, Pilgrim’s Pride, and other industry peers as defendants and alleging price collusion in the broiler-chicken market. According to the complaint, beginning in 2008, the defendants colluded by sharing proprietary data and reducing production to support prices. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.