The Wagner Firm Announces December 16th Deadline in the Class Action Lawsuit Against Tyson Foods, Inc. & Encourages Investors...
December 15 2016 - 12:56PM
Business Wire
The Wagner Firm announces December 16, 2016 deadline to
file a lead plaintiff motion in the class action filed on behalf of
a class (the “Class”) of investors who purchased 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.
According to the complaint filed in this lawsuit, beginning
sometime in 2008, Tyson and several other poultry companies
conspired to fix the price of chicken by sharing proprietary data
and reducing production to support prices. And, on October 7, 2016,
Pivotal Research downgraded Tyson from "buy" to "sell," due to
fears over the antitrust class action against the Company, which it
called "powerfully convincing." When this news was disclosed to the
public, Tyson shares dropped in value. The class action lawsuit on
behalf of investors seeks to recover damages suffered by investors
as a result of the alleged fraud by Tyson, and the resulting
decline in the Company’s stock price.
If you purchased Tyson shares, 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 Avi Wagner, Esquire,
of The Wagner Firm, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067, at (310) 491-7949, by e-mail
at info@thewagnerfirm.com, or visit our website
at http://thewagnerfirm.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/20161215006144/en/
The Wagner Firm, Los Angeles, CAAvi Wagner, (310)
491-7949info@thewagnerfirm.comwww.thewagnerfirm.com
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