Shareholder Class Action Filed Against Tyson Foods, Inc.
The shareholder class action complaint alleges that Tyson and certain of its executive officers made a series of false and misleading statements and/or failed to disclose material adverse information to investors during the Class Period, including the following: (i) Tyson systematically colluded with several of its industry peers to fix prices in the broiler-chicken market; (ii) the foregoing conduct constituted a violation of federal antitrust laws; and (iii) consequently, Tyson’s Chicken segment revenues during the class period were the result of illegal conduct. The complaint further alleges that, as a result of the foregoing, Tyson’s public statements during the Class Period to investors were …