Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Pilgrim's Pride Corporation (NASDAQ: PPC) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Pilgrim's Pride Corporation (NASDAQ: PPC) concerning whether a series of statements by Pilgrim's Pride Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 7, 2016, Pivotal Research downgraded the Company's peer, Tyson Foods Inc from "buy" to "sell," citing concerns about a "powerfully convincing" class action against Tyson, Pilgrim's Pride, and some of its industry peers as defendants, alleging price collusion in the broiler-chicken market. According to the complaint, beginning of 2008, Tyson, Pilgrim's Pride, and numerous other companies conspired by sharing proprietary data and reducing production to support prices.

On this news, NASDAQ: PPC dropped as much as 6.11%, during intraday trading on October 7, 2016.

Based in Greeley, Colorado, and founded in 1946 Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, chicken products to retailers, distributors, and foodservice operators.

If you purchased shares of Pilgrim's Pride Corporation (NASDAQ: PPC) on or before October 7, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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