NEW YORK, Dec. 02, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Tyson Foods, Inc. securities (NYSE:TSN) from November 23, 2015 through October 7, 2016, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Tyson Foods investors under the federal securities laws.
To join the Tyson Foods class action, go to the firm’s website at http://www.rosenlegal.com/cases-964.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that Tyson Foods had conspired to fix chicken prices. The lawsuit alleges that, as a result, defendants’ statements were 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. On October 7, 2016, Pivotal Research reduced its price target and rating for Tyson Foods due to the allegations of the previously reported antitrust lawsuit. The lawsuit claims that investors suffered damages when these details entered the market.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 16, 2016. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-964.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.