Tyson Foods says a federal investigation into allegations of price-fixing has ended and that it likely won’t face disciplinary action.
Arkansas Business reported on Friday that the Springdale, Arkansas-based meat producer had received a letter from the Securities and Exchange Commission (SEC) that the investigation was over and that enforcement action was not likely.
Tyson said in a regulatory filing last winter that investigators had subpoenaed some records. At the time, Tyson said it believed the SEC was looking at price-fixing allegations raised in a 2016 lawsuit filed by Maplevale Farms.
Separately, some shareholders alleged they lost money because of the allegations that Tyson and its competitors suppressed the nation’s poultry supply. A federal judge dismissed the shareholders’ lawsuit last month.
Full Content: Financial Times
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