SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Sanderson Farms, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 18, 2016 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Sanderson Farms, Inc. (“Sanderson Farms” or the “Company”) (Nasdaq: SAFM) concerning possible violations of federal securities laws between December 17, 2013 and October 6, 2016 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm in advance of the December 27, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, Sanderson Farms made false and misleading statements and/or failed to disclose material information. On September 2, 2016, some news 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.”

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 449339