December 19 Deadline Alert: Law Offices of Howard G. Smith Reminds Pilgrim’s Pride Corp. Investors of Upcoming Lead Plainti...
December 12 2016 - 4:01PM
Business Wire
Law Offices of Howard G. Smith reminds investors of the upcoming
December 19, 2016 deadline to file a lead plaintiff motion
in the class action filed on behalf of a class (the “Class”) of
investors who purchased Pilgrim’s Pride Corporation (“Pilgrim”) or
the “Company”) (NASDAQ: PPC) securities between February 21,
2014 and October 6, 2016, inclusive (the “Class
Period”). Pilgrim investors have until December 19,
2016 to file a lead plaintiff motion.
The Complaint alleges that throughout the Class Period,
Defendants made materially false and/or misleading statements, as
well as failed to disclose material adverse facts about the
Company’s business, operations, and prospects. Specifically,
Defendants made false and/or misleading statements and/or failed to
disclose that: (i) Pilgrim’s Pride systematically colluded with
several of its industry peers to fix prices in the market for
broiler chickens (i.e., chickens raised specifically for meat
production); (ii) the foregoing conduct constituted a violation of
federal antitrust laws; (iii) consequently, Pilgrim’s Pride’s
revenues during the class period were the result of illegal
conduct; and (iv) as a result of the foregoing, Pilgrim’s Pride’s
public statements were materially false and misleading at all
relevant times.
If you purchased shares of Pilgrim during the Class Period you
may move the Court no later than December 19, 2016 to ask
the Court to appoint you as lead plaintiff if you meet certain
legal requirements. To be a member of the Class you need not take
any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you
wish to learn more about this action, or if you have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161212006157/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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