Inactive Instrument

Sanderson Farms, Inc.

SAFM

US8000131040

Sanderson Farms, Inc. : Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Sanderson Farms, Inc. (SAFM)

October 20, 2016 at 10:26 am EDT

NEW YORK, NY / ACCESSWIRE / October 20, 2016 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Sanderson Farms, Inc. ("Sanderson" or the "Company") (NASDAQ: SAFM). Such investors are advised to contact Peretz Bronstein or his investor relations analyst Yael Hurwitz at info@bgandg.com or 212-697-6484.

The investigation concerns whether Sanderson and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On October 7, 2016, Pivotal Research downgraded the Company's peer, Tyson Foods, Inc. ("Tyson") from "buy" to "sell," noting apprehensions about a "powerfully convincing" class action against Tyson, Sanderson, and some of its industry peers as defendants, alleging price collusion in the broiler-chicken market. The complaint alleges that at the beginning of 2008, Tyson, Sanderson, and several other companies conspired by sharing proprietary data and reducing production to support prices. Following this news, Sanderson stock has dropped as much as $6.43 per share, or 6.9%, to $86.75 during intraday trading on October 7, 2016.

If you are aware of any facts relating to this investigation, or purchased shares Sanderson, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/safm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

Latest news about Sanderson Farms, Inc.

Sanderson Farms, Inc.'s Equity Buyback announced on February 25, 2014, has expired.	23-10-21	CI
Sanderson Farms, Inc.(NasdaqGS:SAFM) dropped from S&P Composite 1500	22-07-27	CI
Sanderson Farms, Inc.(NasdaqGS:SAFM) dropped from S&P 400	22-07-27	CI
Sanderson Farms, Inc.(NasdaqGS:SAFM) dropped from S&P TMI Index	22-07-27	CI
Sanderson Farms, Inc.(NasdaqGS:SAFM) dropped from S&P Global BMI Index	22-07-27	CI
Sanderson Farms, Inc.(NasdaqGS:SAFM) dropped from S&P 400 Consumer Staples	22-07-27	CI
Sanderson Farms, Inc.(NasdaqGS:SAFM) dropped from S&P 1000	22-07-27	CI
Sanderson Farms, Others Face DOJ Antitrust Lawsuit Over Poultry Price Fixing	22-07-25	MT
U.S. settles claims against poultry producers over worker treatment	22-07-25	RE
MP Materials to Replace Sanderson Farms in S&P MidCap 400	22-07-25	MT
Materials Down Amid Doubts on Cyclical-Sector Rebound -- Materials Roundup	22-07-22	DJ
Sanderson Farms, Inc. Announces Board Changes	22-07-22	CI
Cargill, Continental close U.S. chicken deal	22-07-22	RE
Cargill, Continental Grain JV Completes Acquisition of Sanderson Farms	22-07-22	MT
Sanderson Farms Shares Halted; Deal With Regulators Said Near	22-07-22	DJ
Sanderson Farms, Inc.(NasdaqGS:SAFM) dropped from NASDAQ Composite Index	22-07-22	CI
Wayne Farms LLC and Cargill, Incorporated completed the acquisition of Sanderson Farms, Inc. from BlackRock, Inc., The Vanguard Group, Inc., Nuance Investments, LLC, T. Rowe Price Associations, Inc. and others.	22-07-21	CI
Momentum Picks: 5 stocks for the summer	22-07-04
Consumer Edge Downgrades Sanderson Farms to Equalweight From Overweight	22-06-16	MT
Sanderson Farms Reports Higher Fiscal Q2 Results	22-05-27	MT
Sanderson Farms, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2022	22-05-27	CI
Soybeans Down as Weather Outlook Spurs More Selling - Daily Grain Highlights	22-05-25	DJ
Wheat Lower as Funds Step Up Selling - Daily Grain Highlights	22-05-24	DJ
Wheat Higher After Russia Nixes Lifting Blockade - Daily Grain Highlights	22-05-23	DJ
Sanderson Farms Maintains Quarterly Cash Dividend at $0.44 a Share, Payable May 17 to Shareholders as of May 3	22-04-21	MT

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Company Profile

Sanderson Farms, LLC is engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared food items. The Company's products are categorized into Cuts, Specialty, and Packs. The Cuts category includes breasts, drumsticks, gizzards, legs, livers, other, tenders, thighs, whole, whole cut-up, and wings. The Specialty category includes 97% fat free, 99% fat free, hand-trimmed, and thinly sliced. Its Pack category includes family pack, mix-pack, and value pack. Its recipes categories, such as occasion, dish type, cuisine, chicken cut, and technique provide various dishes, including buffalo chicken wings, chicken kabobs, baked chicken cacciatore, barbeque chicken, chicken fajitas, chicken pot pie, chicken salad, citrus chicken, chicken stir fry, farmhouse chicken, and lemon chicken, among others. Its plants in Mississippi, Louisiana, Texas, North Carolina, and Georgia have the capacity to process more than 13.65 million chickens per week.

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Food Processing

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