Law Firms Investigate Tyson Foods Disclosures After Guidance Cut
Two shareholder rights law firms said they are investigating Tyson Foods over whether disclosures adequately warned investors ahead of a September guidance cut. Tyson lowered its revenue-growth forecast to 1.5% to 2.0% and reduced operating income outlook for its Beef segment, with notes prospectus language cited as omitting risks of a downward revision. Tyson did not comment.