Glancy prongay & murray llp commences investigation on behalf of pilgrim’s pride corporation investors

Los angeles--(business wire)--glancy prongay & murray llp (“gpm”) announces an investigation on behalf of pilgrim’s pride corporation (“pilgrim”) or the “company”) (nasdaq: ppc) concerning the company and its officers’ possible violations of federal securities laws. pilgrim engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators in the united states, mexico and puerto rico. on october 7, 2016, pivotal research issued a report downgrading pilgrim’s peer tyson foods, inc. ("tyson") to "sell" from "buy," primarily due to concerns about a price collusion class action in the broiler-chicken market that named tyson and pilgrim as defendants. according to the complaint, beginning in 2008, tyson, pilgrim and other companies in the industry colluded by sharing proprietary data and reducing production to support prices. on this news, pilgrim stock fell over 6% during intraday trading on october 7, 2016. if you purchased pilgrim securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact lesley portnoy, esquire, of gpm, 1925 century park east, suite 2100, los angeles, california 90067 at 310-201-9150, toll-free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. if you inquire by email please include your mailing address, telephone number and number of shares purchased. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
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