On December 2, 2016, Strauss Troy filed a class action lawsuit on behalf of all purchasers of Tyson Foods, Inc. (“Tyson” or the “Company”) (NYSE:TSN). The Complaint was filed in the United States District Court for the Southern District of Ohio on behalf of investors who purchased shares in Tyson during the period from November 23, 2015 through October 7, 2016 (the “Class Period”).
Investors who purchased shares of Tyson during the Class Period are encouraged to contact Strauss Troy in advance of the December 16, 2016 lead plaintiff motion deadline.
The Complaint alleges that during the Class Period, Tyson made false and misleading statements and failed to disclose material information. On September 2, 2016, there were reports published about the filing of an antitrust class action lawsuit against Tyson and other poultry producers conspiring to manipulate the price of broiler-chickens. The antitrust lawsuit alleges that since about 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 Foods from “buy” to “sell,” due to fears over the class action against the Company, which it called “powerfully convincing.” When this news was announced, shares of Tyson fell in value.
Plaintiffs seek to recover damages on behalf of themselves and all other investors who purchased Tyson common stock during the Class Period, excluding Defendants and their affiliates. Plaintiffs are represented by Strauss Troy, a law firm with extensive experience prosecuting class actions for violations of the federal securities laws. If you are interested in becoming a lead plaintiff, you may file a motion with the court no later than December 16, 2016, and request that the court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of class members. If you would like more information about the Tyson shareholder lawsuit, or have any questions concerning your rights or interests, please contact:
Phone: (513) 621-2120