Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Tyson Foods, Inc. and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, announced that a class action lawsuit has been filed in the US District Court for the Eastern District of New York on behalf of investors who have bought Tyson Foods, Inc. (NYSE) : TSN) securities between March 13, 2020 and December 15, 2020 (the “Class Period”). Investors have until April 5, 2021 to apply to the court to be named the lead plaintiff in the lawsuit.
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On December 15, 2020, New York Comptroller Scott M. Stringer (“Comptroller Stringer”) requested the SEC to investigate Tyson. In his letter to the SEC, Comptroller Stringer described Tyson’s various mistakes in implementing the stated coronavirus protection guidelines.
In that news, the price of Tyson stock fell $ 1.78 per share, or 2.5%, to close at $ 68.25 per share on December 15, 2020.
The complaint, filed on February 2, 2021, alleges that throughout the classroom, defendants made false and / or misleading statements and / or failed to disclose that: (1) Tyson knew or should have known that the highly contagious coronavirus was occurring spreads all over the world; (2) Tyson actually did not have adequate security protocols in place to protect its employees in its facilities. (3) As a result, Tyson employees have contracted and spread the coronavirus in the facilities. (4) As a result of the foregoing, Tyson would have a negative impact on its production, including the complete shutdown of certain facilities. (5) For failing to protect its employees, Tyson would suffer financial damage related to its decreased production. and (6) as a result, the defendants’ public statements at all relevant times have been materially false and / or misleading. When the real details hit the market, the lawsuit alleged that investors suffered damage.
If you have purchased Tyson securities during the class period and suffered a loss, are a long-term shareholder, have information, want to learn more about these claims, or have questions about this announcement or your rights or interests in relation to these matters, please contact Brandon Walker, Melissa Fortunato or Marion Passmore by email at email@example.com, by phone at (212) 355-4648, or by completing this contact form. There are no costs or obligations for you.
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About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. More information about the company can be found at www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.
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Bragar Eagel & Squire, PC
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.