NEW YORK, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Tyson Foods , Inc. (NYSE: TSN) from March 13, 2020 through December 15, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Tyson Foods , Inc. investors under the federal securities laws.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: Tyson knew, or should have known, that the highly contagious coronavirus was spreading throughout the globe; Tyson did not in fact have sufficient safety protocols to protect its employees in its facilities; as a result, Tyson employees contracted and spread the coronavirus within the facilities; as a result of the foregoing, Tyson would face negative impact to its production, including complete shutdowns of certain facilities; due to the failure to protect its employees, Tyson would suffer financial harm related to its lowered production; and as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you wish to serve as lead plaintiff, you must move the Court no later than April 5, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.
Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1410
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938