LOS ANGELES--(EON: Enhanced Online News)--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 firstname.lastname@example.org, or visit our website at http://thewagnerfirm.com.
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