The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Sanderson Farms, Inc. Inves...
December 07 2016 - 2:26PM
Business Wire
Law Offices of Howard G. Smith announces that a class
action lawsuit has been filed on behalf of investors who purchased
Sanderson Farms, Inc. (“Sanderson” or the “Company”) (NASDAQ: SAFM)
securities between December 17, 2013 and October 6, 2016,
inclusive (the “Class Period”). Sanderson investors have
until December 27, 2016 to file a lead plaintiff
motion.
Investors suffering losses on their Sanderson investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email
to howardsmith@howardsmithlaw.com.
Sanderson is an integrated poultry processing company that
produces, processes, markets and distributes fresh, frozen and
prepared chicken products in the United States.
According to Complaint filed in this lawsuit, throughout the
Class Period defendants beginning in 2008, Sanderson and other
companies in the poultry industry colluded to fix chicken prices by
sharing proprietary data and reducing production to support prices.
The complaint further alleges that: (1) Sanderson Farms
systematically colluded with several of its industry peers to fix
prices in the market for broiler chickens; (2) the foregoing
conduct violated federal antitrust laws; (3) in turn, Sanderson
Farms’ revenues during the Class Period were the result of illegal
conduct; and (4) as a result, Sanderson Farms’ public statements
were materially false and misleading at all relevant times. When
the true details entered the market, the lawsuit claims that
investors suffered damages.
If you purchased shares of Sanderson during the Class Period you
may move the Court no later than December 27,
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 Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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/20161207006144/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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