Tyson Reveals Subpoena Likely Linked To Alleged Price Fixing

Tyson Foods Inc (TSN.N) disclosed on Monday it had received a subpoena from U.S. authorities that it said likely stemmed from allegations the company conspired for years with rivals to fix chicken prices.

Last year, U.S. poultry buyers sued Tyson, the nation's biggest chicken processor, and other companies, claiming they had colluded since 2008 to reduce production in violation of antitrust laws. Tyson has denied the accusations.

The seller of Jimmy Dean sausage and Ball Park hot dogs received a subpoena from the U.S. Securities and Exchange Commission on Jan. 20 in connection with an investigation related to the company, according to documents filed with the SEC.

To read the rest of the story, please go to: Reuters