Bank sues Tyson board

Mar 7, 2005
Amalgamated Bank, trustee of a mutual fund owning nearly 89,000 shares of Tyson Foods, filed suit on Feb. 16 against the Springdale-based company charging directors benefitted fiscally at the expense of shareholders. The lawsuit—which was filed in Delaware and seeks class action status—lists the world's largest meat processor and most current and some former members of its board of directors as defendants, including Chairman and CEO John Tyson. One of ...

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