The Shareholders Foundation announces that an investigation on behalf of investors of Tyson Foods, Inc. (NYSE:TSN) shares was initiated over potential securities laws violations by Tyson Foods and certain of its directors and officers.
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 investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Tyson Foods, Inc. (NYSE:TSN) concerning whether a series of statements by Tyson Foods regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Tyson Foods, Inc. reported that its Total Revenue rose from over $33.05 billion for the 52 weeks period that ended on Sept. 29, 2012 to $37.58 billion for the 52 weeks period that ended on Sept. 27, 2014 and that its Net Income for those respective time period increased from $778 million to $864 million.
Shares of Tyson Foods, Inc. (NYSE:TSN) grew from $15.15 per share in August 2012 to as high as $43.15 per share in March 2014, respectively $42.34 per share in November 2014.
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.”
Shares of Tyson Foods, Inc. (NYSE:TSN) declined to as low as $37.35 per share on March 11, 2015.
On April7, 2015, NYSE:TSN shares closed at $39.06 per share.
Those who purchased shares of Tyson Foods, Inc. (NYSE:TSN) 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