In this file:
· Tyson Can't Move Chicken Price-Fix Suit From From Florida
· UPDATE: Fieldale Farms' Chicken Price Fixing Settlement is Good News for Tyson Foods (TSN), Pilgrim's Pride (PPC), and Sanderson Farms (SAFM), Says Susquehanna
· Tyson Foods, Inc. Announces Quarterly Dividend
Tyson Can't Move Chicken Price-Fix Suit From From Florida
By Sophia Morris, Law360
August 10, 2017
New York -- Tyson Foods Inc. cannot transfer from Florida to Illinois a chicken restaurant franchisor’s antitrust suit alleging that the poultry giant fixed the price of broiler chickens, with a Florida federal judge ruling on Wednesday that only the Judicial Panel on Multidistrict Litigation has the power to consolidate similar cases filed in different districts.
U.S. Magistrate Judge Edwin G. Torres said that he could not transfer the case to the Northern District of Illinois even though the district is home to several consolidated actions against Tyson that...
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UPDATE: Fieldale Farms' Chicken Price Fixing Settlement is Good News for Tyson Foods (TSN), Pilgrim's Pride (PPC), and Sanderson Farms (SAFM), Says Susquehanna
August 8, 2017
Fieldale Farms' settlement in its chicken price fixing probe is positive for the industry and good news for Tyson Foods (TSN), Pilgrim's Pride (PPC), and Sanderson Farms (NASDAQ: SAFM), according to Susquehanna analyst Thomas Claps.
A settlement has been reached with one of the fourteen Defendants in the industry-wide broiler chicken pricing fixing litigation that signals a lower than expected litigation exposure for the three primary chicken producing defendants, said Claps. Fieldale Farms reached a $2.25 million settlement with one of the three plaintiffs' groups in the litigation.
While Fieldale did not settle yet with the other two plaintiffs' groups, those claims have arguable less value that the direct purchaser claims that just settled, said the analyst.
Tyson Foods, Inc. Announces Quarterly Dividend
Source: Tyson Foods Inc
via Nasdaq/GlobeNewswire - August 10, 2017
SPRINGDALE, Ark., Aug. 10, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of Tyson Foods, Inc. (NYSE:TSN), at a meeting on August 10, 2017, declared a quarterly dividend of $0.225 per share on Class A common stock and $0.2025 per share on Class B common stock, payable on December 15, 2017, to shareholders of record at the close of business on December 1, 2017.
About Tyson Foods
Tyson Foods Inc. (NYSE:TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 114,000 team members. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as stewards of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.
Media Contact: Gary Mickelson, 479-290-6111
Investor Contact: Jon Kathol, 479-290-4235