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Friday, December 18, 2020

Tyson Foods Under The Spotlight

New York City Comptroller Scott Stringer has asked the U.S. Securities and Exchange Commission (SEC) to open a probe into Tyson Foods Inc. for allegedly making misleading disclosures to investors in its annual report, including how it characterizes worker safety and the COVID-19 pandemic.

“I am calling on the SEC to immediately open an investigation into Tyson's misleading and dubious claims that they are adhering to OSHA and CDC safety guidelines, because shareowners need a full and transparent accounting into Tyson's workplace safety and the risks to both workers and investors amid the COVID-19 pandemic,” Stringer said.

The company also announced it fired seven managers at an Iowa facility for having a pool on how many COVID infections would be found at the plant.