WASHINGTON, August 30, 2017 - Tyson Foods says the Securities and Exchange Commission has concluded its investigation into allegations of price-fixing without taking any disciplinary action. In a release, Tyson says it received a letter from the SEC dated Aug. 22 saying that “based on the information it has as of that date, (the SEC) does not intend to recommend enforcement action by the SEC against Tyson.”
Last winter, the company said in a regulatory filing 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 in a lawsuit they were hurt financially because of the allegations that Tyson and its competitors suppressed the nation's chicken supply. The lawsuit was tossed by a federal judge in July.
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