LOS ANGELES, CA / ACCESSWIRE / August 28, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Pilgrim's Pride Corporation ("Pilgrim's Pride" or "the Company") (NASDAQ:PPC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between February 9, 2017 and June 3, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before September 4, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Pilgrim's Pride and its executives engaged in an illegal conspiracy of antitrust activity, including bid-rigging and price-fixing, that ran from 2012 through at least early 2017. This illegal activity created competitive advantages for the Company. Based on these facts, the Company's public statements throughout the class period were false and materially misleading. When the market learned the truth about Pilgrim's Pride, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
SOURCE: The Schall Law Firm