LITTLE ROCK, Ark. -- People who sold their shares in IBP Inc. when they heard poultry giant Tyson Foods had aborted its purchase of the meatpacking company may file a class-action lawsuit against Tyson, a federal court ruled. U.S. District Judge Sue Robinson decided that IBP shareholders who sold stock between March 29, 2001, and June 15, 2001, could sue Tyson on grounds of making false statements that unnaturally drove down IBP's stock price.
Posted by Editor at October 10, 2003 10:40 AM