The Shareholders Foundation announces that an investigation on behalf of investors of Pilgrim’s Pride Corporation (NASDAQ:PPC) shares was launched over potential securities laws violations by Pilgrim’s Pride Corp. and certain of its directors and officers.
Investors who purchased shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Pilgrim’s Pride Corporation (NASDAQ:PPC) concerning whether Pilgrim’s Pride Corporation and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934
Pilgrim’s Pride Corporation reported that its Total Revenue rose from over $7.53 billion for the 52 weeks period that ended on Dec. 25, 2011 to over $8.58 billion for the 52 weeks period that ended on Dec. 28, 2014 and that its Net loss of $496.77 million for the 52 weeks period that ended on Dec. 25, 2011 turned into a Net Income of $711.65 million for the 52 weeks period that ended on Dec. 28, 2014.
Shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) grew from $3.10 per share in August 2011 to as high as $37.59 per share in December 2014, respectively, $37.02 per share in January 2015.
On March 11, 2015 a report stated that “the U.S. Department of Agriculture on Wednesday confirmed the discovery of highly pathogenic avian influenza in a commercial turkey flock in Arkansas, the third-largest U.S. turkey producer and home to Tyson Foods Inc, the nation’s biggest chicken company.” On March 11, 2015, shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) declined to as low as $24.15 per share.
On April 7, 2015, NASDAQ:PPC shares closed at $23.90 per share.
Those who purchased shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com