LOS ANGELES--(BUSINESS WIRE)--
Goldberg Law PC, a national shareholder rights litigation firm, announces a class action lawsuit has been filed 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 (the “Class Period”), are encouraged to contact the Firm in advance of the December 27, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The complaint alleges that during the Class Period, 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 news was announced, shares of Sanderson Farms fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161028005951/en/
