INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Sanderson Farms, Inc. and Encourages Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / November 18, 2016 / Khang & Khang LLP (the “Firm”) announces a class action lawsuit 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 inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the December 27, 2016 lead plaintiff motion deadline.

If you purchased shares of Sanderson Farms during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive 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 information emerged to the public, shares of Sanderson Farms declined in value, causing investors harm.

If you wish to learn more about this lawsuit at no charge, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in certain jurisdictions.

Contacts

Joon M. Khang, Esq.

Telephone: 949-419-3834

Facsimile: 949-225-4474

joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 449392