Federal Judge Denies Lead Plaintiff Appointment in Putative Shareholder Class Action Over Tyson COVID-19 Response

The U.S. District Court for the Eastern District of New York denied an application to overturn a magistrate decision denying appointment of lead plaintiffs in a putative class action against Tyson Foods Inc. The putative plaintiff-investors allege shareholder damages stemming from Tyson's COVID-19 response. District Court Judge Ann Donnelly upheld the magistrate judge’s finding that the claimed damages are insufficient to suggest the two investors would “pursue the class claims vigorously.”