Tyson Foods’ Statement on Department of Justice Indictment in Broiler Chicken Investigation
11 June 2020 - 6:15AM
Tyson Foods, Inc. (NYSE: TSN) issued the following statement today
regarding the June 2, 2020, indictment by the Antitrust Division of
the United States Department of Justice (DOJ) charging multiple
executives of other companies in the broiler chicken industry with
conspiring to restrain trade.
“Tyson Foods is committed to competing vigorously, honestly and
in compliance with the letter and the spirit of the antitrust laws
and respects the important role that the Department of Justice
plays in enforcing these laws. On April 26, 2019, Tyson was served
with a grand jury subpoena from the Antitrust Division of the DOJ
concerning a criminal antitrust investigation into the broiler
chicken industry. Tyson uncovered information in connection with
that investigation, which we immediately self-reported to the
DOJ. Tyson took
appropriate actions to address the internal issues and has been
fully cooperating with the DOJ as part of its application for
leniency under the DOJ’s Corporate Leniency Program. A formal grant
of leniency will mean that neither the company nor any of its
employees will face criminal fines, jail time or prosecution. Our
swift and decisive actions demonstrate our steadfast commitment to
treating suppliers, customers and partners with integrity and to
fostering a free and fair competitive environment that not only
benefits consumers but makes Tyson Foods better.”
About Tyson FoodsTyson Foods, Inc. (NYSE: TSN)
is one of the world’s largest food companies and a recognized
leader in protein. Founded in 1935 by John W. Tyson and grown under
three generations of family leadership, the company has a broad
portfolio of products and brands like Tyson®, Jimmy Dean®,
Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State
Fair®. Tyson Foods innovates continually to make protein more
sustainable, tailor food for everywhere it’s available and raise
the world’s expectations for how much good food can do.
Headquartered in Springdale, Arkansas, the company has 141,000 team
members. Through its Core Values, Tyson Foods strives to operate
with integrity, create value for its shareholders, customers,
communities and team members and serve as a steward of the animals,
land and environment entrusted to it. Visit TYSONFOODS.COM to learn
more.
Forward Looking StatementsCertain statements in
this release are forward-looking, including, but not necessarily
limited to, statements related to leniency and ongoing
litigation. These forward-looking statements are subject to a
number of factors and uncertainties that could cause our actual
results and experiences to differ materially from expectations
expressed in such forward-looking statements. We wish to caution
readers not to place undue reliance on any forward-looking
statements, which speak only as of the date made. We undertake no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. We encourage
all readers to review our filings with the Securities and Exchange
Commission, which are also available through our Investor
Relations’ website at ir.tyson.com.
Media Contact: Gary Mickelson, 479-290-6111 Investor Contact:
Jon Kathol, 479-290-4235 Category: IR, Newsroom Source: Tyson
Foods
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