SHAREHOLDER ALERT: Goldberg Law PC Files Securities Class Action Lawsuit against Pilgrim’s Pride Corp. & Encourages Investo...
October 21 2016 - 10:07PM
Business Wire
Goldberg Law PC, a national shareholder rights litigation firm,
announces a class action lawsuit has been filed against Pilgrim’s
Pride Corporation (“Pilgrim’s Pride” or the “Company”) (Nasdaq:
PPC). Investors who purchased or otherwise acquired shares between
February 21, 2014 and October 6, 2016 (the “Class Period”) are
encouraged to contact the firm in advance of the December 19, 2016 lead plaintiff motion
deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we encourage
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The complaint alleges that during the Class Period, 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’s 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. When this news was
announced, shares of Pilgrim’s Pride fell in value.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
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/20161021005979/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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