Chicago — Accusations of collusion that have dogged the US chicken industry in recent months, took a new turn after Tyson Foods, the country’s largest producer, said the US Securities and Exchange Commission was investigating the allegations and had sent it a subpoena. The company said in a filing on Monday that based on the limited information it had, Tyson believed the investigation was related to the allegations contained in antitrust litigation involving broiler chickens. The company and its largest competitors have been named as defendants in a series of lawsuits in recent months that claim the industry has colluded since 2008 to drive prices higher, allegations denied by Tyson and the other producers. Tyson said in the filing it was co-operating with the investigation, which was at an early stage. CEO Tom Hayes declined to comment further except to say the company wanted to defend itself in court. Tyson shares fell 3.5% to close at $63.13 in New York on Monday while rival prod...
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