BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Tyson Foods, Inc. (“Tyson” or the “Company”) (NYSE: TSN) concerning the Company and its officers’ possible violations of federal securities laws.
Tyson, together with its subsidiaries, operates an international food distribution network under a variety of brands and categories.
On October 7, 2016 Pivotal Research published a report downgrading Tyson to "sell" from "buy" primarily due to concerns about a price collusion class action in the broiler-chicken market that named Tyson and other companies in the industry as defendants. According to the complaint, beginning in 2008, Tyson and several other companies colluded by sharing proprietary data and reducing production to support prices in the chicken market.
On this news, Tyson's share price has fallen over 11% during intraday trading on October 7, 2016.
If you purchased Tyson securities, have information or would like to learn more about these claims, or 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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