LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (the “Firm”) announces a class action lawsuit has been filed against Tyson Foods, Inc. (“Tyson Foods” or the “Company”) (NYSE: TSN). Investors who purchased or otherwise acquired shares between November 23, 2015 and October 7, 2016 (the “Class Period”), are encouraged to contact the Firm in advance of the December 16, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The complaint alleges that during the Class Period, Tyson Foods made false and/or misleading statements and/or failed to disclose material information. On September 2, 2016, some media outlets reported the filing of an antitrust class action lawsuit against Tyson Foods and some of its peers for conspiring to manipulate the price of broiler-chickens. Allegedly, in 2008, Tyson Foods and several other companies conspired by sharing proprietary data and reducing production to support prices. On October 7, 2016, Pivotal Research downgraded Tyson Foods from “buy” to “sell,” due to fears over the class action against the Company, which it called “powerfully convincing.” When this news was announced, shares of Tyson Foods fell in value.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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