SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Securities Fraud Violations by Pilgrim...
October 10 2016 - 11:18AM
Business Wire
Levi & Korsinsky, LLP announces that it has commenced an
investigation of Pilgrim’s Pride Corporation (“Pilgrim’s Pride” or
the “Company”) (NASDAQ:PPC) concerning possible violations of
federal securities laws by the Company and/or certain of its
officers and directors.
On October 7, 2016, Pivotal Research downgraded the Company’s
peer, Tyson Foods, Inc., citing concerns about a “powerfully
convincing” class action naming Tyson, Pilgrim’s Pride, and other
industry peers as defendants and alleging price collusion in the
broiler-chicken market. According to the complaint, beginning in
2008, the defendants colluded by sharing proprietary data and
reducing production to support prices. To obtain additional
information about the investigation, go to:
http://zlk.9nl.com/pilgrims-pride-ppc
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20161010005804/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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