BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Sanderson Farms, Inc. (“Sanderson” or the “Company”) (NASDAQ: SAFM) securities between December 17, 2013 and October 6, 2016, inclusive (the “Class Period”). Sanderson investors have until December 27, 2016 to file a lead plaintiff motion.
Investors suffering losses on their Sanderson investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
Sanderson is an integrated poultry processing company that produces, processes, markets and distributes fresh, frozen and prepared chicken products in the United States.
According to Complaint filed in this lawsuit, throughout the Class Period defendants beginning in 2008, Sanderson and other companies in the poultry industry colluded to fix chicken prices by sharing proprietary data and reducing production to support prices. The complaint further alleges that: (1) Sanderson Farms systematically colluded with several of its industry peers to fix prices in the market for broiler chickens; (2) the foregoing conduct violated federal antitrust laws; (3) in turn, Sanderson Farms’ revenues during the Class Period were the result of illegal conduct; and (4) as a result, Sanderson Farms’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased shares of Sanderson during the Class Period you may move the Court no later than December 27, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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