IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Pilgrim’s Pride Corp. & Encourage...
October 21 2016 - 11:26AM
Business Wire
Lundin Law PC (the “Firm”) announces a class action lawsuit has
been filed against Pilgrim’s Pride Corporation (“Pilgrim’s Pride”
or the “Company”) (NYSE: PPC) concerning possible violations of
federal securities laws between February 21, 2014 and October 6,
2016 inclusive (the “Class Period”). Investors, who purchased or
otherwise acquired shares during the Class Period, are encouraged
to contact the firm in advance of the December 19, 2016 lead
plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at
888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
According to the complaint, Pilgrim’s Pride made false and/or
misleading statements and/or failed to disclose that: the Company
systematically colluded with several of its industry peers to fix
prices in the market for broiler chickens; that the foregoing
conduct constituted a violation of federal antitrust laws; that
Pilgrim’s Pride revenues during the class period were the result of
illegal conduct; that as a result of the above, the Company’s
public statements were materially false and misleading at all
relevant times. On October 7, 2016, Pivotal Research
downgraded its peer company Tyson Foods, Inc. from “buy” to “sell,”
due to fears of a class action against Tyson Foods, Pilgrim’s Pride
other peers over price collusion in the broiler-chicken market.
Allegedly, in 2008, Tyson Foods, Pilgrim’s Pride, and several other
companies conspired by sharing proprietary data and reducing
production to support prices.
Lundin Law PC was founded by Brian Lundin, a securities
litigator based in Los Angeles dedicated to upholding shareholders’
rights.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161021005653/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
Pilgrims Pride (NASDAQ:PPC)
Historical Stock Chart
From Feb 2024 to Mar 2024
Pilgrims Pride (NASDAQ:PPC)
Historical Stock Chart
From Mar 2023 to Mar 2024