BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming December 16, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Tyson Foods, Inc. (“Tyson” or the “Company”) (NYSE: TSN) securities between November 23, 2015 and October 7, 2016, inclusive (the “Class Period”). Tyson investors have until December 16, 2016 to file a lead plaintiff motion.
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.
If you purchased shares of Tyson during the Class Period you may move the Court no later than December 16, 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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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