IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces a class action lawsuit has been filed against Tyson Foods, Inc. (“Tyson” or the “Company”) (NYSE: TSN). Investors who purchased or otherwise acquired shares between November 23, 2015 and October 6, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm before the December 16, 2016 lead plaintiff motion deadline.
If you purchased Tyson shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, Tyson 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 and some of its peers for conspiring to manipulate the price of broiler-chickens. Allegedly, in 2008, Tyson and several other companies conspired by sharing proprietary data and reducing production to support prices. On October 7, 2016, Pivotal Research downgraded Tyson from “buy” to “sell,” due to fears over the class action against the Company, which it called “powerfully convincing.” When this news was disclosed to the public, Tyson shares dropped in value, causing investors harm.
If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at email@example.com.
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