The investigation concerns whether the Board of Pilgrim’s Pride breached their fiduciary duties to shareholders, which has resulted in a depressed stock price. For example, a price collusion class action has been filed in the broiler-chicken market that named Tyson and Pilgrim’s Pride as defendants. According to the complaint, beginning in 2008, Tyson, Pilgrim’s Pride and other companies in the industry colluded by sharing proprietary data and reducing production to support prices. Consequently, the investigation seeks to determine if the Board’s actions has damaged Pilgrim’s Pride.
If you own shares of Pilgrim’s Pride stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1125-ppc-pilgrims-pride-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.