GPM Reminds Investors of the December 16th Deadline in the Class Action Lawsuit Against Tyson Foods, Inc. & Encourages Invest...
December 12 2016 - 4:16PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
December 16, 2016 deadline to file a lead plaintiff motion
in the class action lawsuit filed on behalf of investors who
purchased or otherwise acquired Tyson Foods, Inc. (“Tyson” or the
“Company”) (NYSE: TSN) securities between November 23, 2015 and
October 7, 2016, inclusive (the “Class Period”). Tyson
investors have until December 16, 2016 to file a
lead plaintiff motion.
On September 2, 2016, some media outlets reported the filing of
an antitrust class action lawsuit against Tyson and some of its
peers for conspiring to manipulate the price of broiler-chickens.
Allegedly, in 2008, Tyson and several other companies conspired by
sharing proprietary data and reducing production to support prices.
On October 7, 2016, Pivotal Research downgraded Tyson from "buy" to
"sell," due to fears over the class action against the Company,
which it called "powerfully convincing." When this news was
disclosed to the public, Tyson shares dropped in value.
If you purchased or otherwise acquired Tyson shares during the
Class Period, you may move the Court no later than December
16, 2016 to request appointment as lead plaintiff. 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://www.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/20161212006176/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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