Tyson Foods Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Tyson Foods Inc |
Stock Symbol : | NYSE: TSN |
Class Period Start: | 11/23/2015 |
Class Period End: | 10/07/2016 |
Lead Plaintiff motion: | 12/16/2016 |
Date Filed: | 10/17/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the December 16, 2016 lead plaintiff deadline in a class action lawsuit filed against Tyson Foods Inc (NYSE: TSN) (“Tyson” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Tyson Foods Inc securities between November 23, 2015 and October 7, 2016, have until December 16, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Tyson Foods Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Tyson systematically colluded with several of its industry peers to fix prices in the broiler-chicken market; the foregoing conduct constituted a violation of federal antitrust laws; as a result, Tyson’s Chicken segment revenues during the class period were the result of illegal conduct. On October 7, 2016, Pivotal Research downgraded Tyson Foods Inc from "buy" to "sell," citing concerns about a "powerfully convincing" class action against Tyson and some of its industry peers as defendants, alleging price collusion in the broiler-chicken market. According to the complaint, beginning of 2008, Tyson and numerous other companies conspired by sharing proprietary data and reducing production to support prices. Following this news, NYSE: TSN dropped $6.63, or 8.91%, to close at $67.75 on October 7, 2016. If you were negatively impacted by your investment in Tyson Foods Inc securities between November 23, 2015 and October 7, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |