IRVINE, Calif.--(BUSINESS WIRE)--
Khang & Khang LLP (the “Firm”) announces a class action lawsuit against Sanderson Farms, Inc. (“Sanderson Farms” or the “Company”) (Nasdaq: SAFM). Investors who purchased or otherwise acquired shares between December 17, 2013 and October 6, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the December 27, 2016 lead plaintiff motion deadline.
If you purchased shares of Sanderson Farms during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at [email protected].
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that Sanderson Farms made false and/or misleading statements and/or failed to disclose material information. On September 2, 2016, some media outlets reported the filing of an antitrust class action lawsuit against Sanderson Farms and some of its peers for conspiring to manipulate the price of broiler-chickens. Allegedly, in 2008, Sanderson Farms along with Tyson Foods and several other companies conspired by sharing proprietary data and reducing production to support prices. On October 4, 2016, a group of consumers filed an antitrust class action complaint against Sanderson Farms and several of its industry peers for violations of the Sherman Act. On October 7, 2016, Pivotal Research downgraded peer company Tyson Foods from “buy” to “sell,” due to fears over the class action against the Company and its peers, which it called “powerfully convincing.” When this information was disclosed, shares of Sanderson Farms declined in value, causing investors harm.
If you wish to learn more about this lawsuit at no charge, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
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