NEW YORK, Oct. 20, 2016 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds
investors that a class action lawsuit has been filed against Tyson
Foods, Inc. ("Tyson" or the "Company") (NYSE: TSN) and certain of
its officers, on behalf of shareholders who purchased Tyson
securities from November 23, 2015 and
October 7, 2016, inclusive (the
"Class Period").
This class action seeks to recover damages against Defendants
for alleged violations of the federal securities laws under the
Securities Exchange Act of 1934 (the "Exchange Act").
The complaint alleges that throughout the Class Period,
defendants issued false and misleading statements and/or failed to
disclose that Tyson Foods had devised to manipulate chicken prices
and as a result, defendants' statements were materially false and
misleading at all relevant times. On September 2, 2016, news sources reported the
filing of an antitrust lawsuit against Tyson Foods claiming that it
conspired to change the price of broiler-chickens. On October 7, 2016, Pivotal Research downgraded
Tyson from "buy" to "sell," noting apprehensions about a
"powerfully convincing" class action against Tyson and some of its
industry peers as defendants, alleging price collusion in the
broiler-chicken market. The complaint alleges that at the
beginning of 2008, Tyson and several other companies conspired by
sharing proprietary data and reducing production to support
prices. Following this news, Tyson stock has dropped as much
as $8.53, or 11.47%, to $65.85 during intraday trading on October 7, 2016.
A class action lawsuit has already been filed. If you wish to
review a copy of the Complaint you can visit the firm's site:
http://www.bgandg.com/tsn or you may contact Peretz Bronstein, Esq. or his Investor Relations
Analyst, Yael Hurwitz of Bronstein,
Gewirtz & Grossman, LLC at 212-697-6484 or via email
info@bgandg.com. Those who inquire by e-mail are encouraged to
include their mailing address and telephone number. If you
suffered a loss in Tyson you have until December 16, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC