LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC (the “Firm”) announces a class action lawsuit has been filed against Tyson Foods, Inc. (“Tyson Foods” or the “Company”) (NYSE: TSN) concerning possible violations of federal securities laws between November 23, 2015 and October 6, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm prior to the December 16, 2016 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, 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 information was disclosed, shares of Tyson Foods dropped in value, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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