A Deadline is coming up on December 16, 2016 in the lawsuit for investors in Tyson Foods, Inc. (NYSE:TSN) and NYSE:TSN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/13/2016 -- A deadline is coming up on December 16, 2016 in the lawsuit filed for investors of Tyson Foods, Inc. (NYSE:TSN over alleged securities laws violations by Tyson Foods, Inc.
Investors who purchased shares of Tyson Foods, Inc. (NYSE:TSN) have certain options and there are strict and short deadlines running. Deadline: December 16, 2016. NYSE:TSN stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of certain purchasers of Tyson Foods, Inc. (NYSE:TSN) that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 23, 2015 and October 7, 2016 Tyson Foods had conspired to fix chicken prices and that, as a result, defendants' statements were allegedly materially false and misleading at all relevant times.
On September 2, 2016, certain media outlets reported the filing of an antitrust lawsuit against Tyson Foods asserting that it conspired to manipulate the price of broiler-chickens. Shares of Tyson Foods, Inc. (NYSE:TSN) grew from $15.15 per share in August 2012 to as high as $76.93 per share on September 23, 2016.
On October 7, 2016, Pivotal Research downgraded Tyson Foods, Inc from "buy" to "sell," noting apprehensions about a "powerfully convincing" class action against Tyson Foods, Inc and some of its industry peers as defendants, alleging price collusion in the broiler-chicken market. The complaint alleges that at the beginning of 2008, Tyson Foods, Inc and several other companies conspired by sharing proprietary data and reducing production to support prices. Shares of Tyson Foods, Inc. (NYSE:TSN) declined to as low as $65.85 per share on October 7, 2016.
Those who purchased shares of Tyson Foods, Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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