SAN DIEGO, Nov. 21, 2016 /PRNewswire/ -- Johnson &
Weaver, LLP announces that a class action complaint was filed on
behalf of purchasers of Tyson Foods, Inc. (NYSE:TSN) securities
during the period between November 23,
2015 and October 6, 2016 (the
"Class Period"). Tyson operates as a food company worldwide.
According to the complaint, throughout the Class Period, Tyson
Foods made false and misleading statements and failed to disclose
material information during the Class Period. On September 2, 2016, some in the media reported the
filing of an antitrust class action lawsuit against Tyson Foods and
some of its peers for conspiring to manipulate the price of broiler
chickens. Allegedly, in 2008, Tyson Foods and several other
companies conspired by sharing proprietary data and reducing
production to support prices. On October 7,
2016, Pivotal Research downgraded Tyson Foods due to fears
over the class action against the Company, which it called
"powerfully convincing." When this information came into view to
the public, the stock price of Tyson Foods decreased, causing
investors harm.
In other news, on November 21,
2016, after the class action was filed, Tyson announced that
its Chief Executive, Donnie Smith,
is leaving and being replaced by current President Tom Hayes.
If you have any questions concerning this notice, or if you
purchased stock before the November
23, 2015, class period, please contact lead analyst
Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
Any member of the putative class may move the Court to serve as
lead plaintiff through counsel of their choice or may choose to do
nothing and remain an absent class member.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP