Lawsuit for Investors in Tyson Foods, Inc. (NYSE:TSN) shares announced by Shareholders Foundation

SAN DIEGO, Oct. 31, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in California on behalf of certain purchasers of shares of Tyson Foods, Inc. (NYSE:TSN) over alleged Securities Laws Violations by Tyson Foods. The lawsuit seeks to recover damages for certain NYSE:TSN investors.

Investors who purchased shares of Tyson Foods, Inc. (NYSE:TSN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that 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.

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.

Those who purchased Tyson Foods, Inc. (NYSE:TSN) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.