Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Pilgrim’s Pride Corp. Investors & En...
November 28 2016 - 3:23PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces that a
class action lawsuit has been filed on behalf of investors who
purchased Pilgrim’s Pride Corporation (“Pilgrim”) or the “Company”)
(NASDAQ: PPC) securities between February 21, 2014 and
October 6, 2016, inclusive (the “Class Period”). Pilgrim
investors have until December 19, 2016 to file a
lead plaintiff motion.
Investors suffering losses on their Pilgrim investments are
encouraged to contact Lesley Portnoy of GPM to discuss their legal
rights in this class action at 310-201-9150 or by email to
shareholders@glancylaw.com.
The Complaint alleges that throughout the Class Period,
Defendants made materially false and/or misleading statements, as
well as failed to disclose material adverse facts about the
Company’s business, operations, and prospects. Specifically,
Defendants made false and/or misleading statements and/or failed to
disclose that: (i) Pilgrim’s Pride systematically colluded with
several of its industry peers to fix prices in the market for
broiler chickens (i.e., chickens raised specifically for meat
production); (ii) the foregoing conduct constituted a violation of
federal antitrust laws; (iii) consequently, Pilgrim’s Pride’s
revenues during the class period were the result of illegal
conduct; and (iv) as a result of the foregoing, Pilgrim’s Pride’s
public statements were materially false and misleading at all
relevant times.
If you purchased shares of Pilgrim during the Class Period you
may move the Court no later than December 19,
2016 to ask the Court to appoint you as lead plaintiff if
you meet certain legal requirements. To be a member of the Class
you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights
or interests with respect to these matters, please contact Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com, or visit our
website at http://glancylaw.com. If you inquire by email please
include your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161128006006/en/
Glancy Prongay and Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comhttps://www.glancylaw.com
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