AP NEWS

SEABOARD INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Seaboard Corporation - SEB

November 10, 2018

NEW ORLEANS--(BUSINESS WIRE)--Nov 9, 2018--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Seaboard Corporation (NYSE: SEB).

Since September 2014, the Company has been the subject of numerous subpoenas and informal inquiries by the U.S. Department of Justice relating to foreign entities and an affiliate of Seaboard, including a 2017 probe into money transfers and bank accounts in Congo and other African countries seeking “to interview certain Seaboard employees and to obtain testimony before a grand jury.” In February 2016, the Company revealed the U.S. Environmental Protection Agency was investigating it under the Clean Air Act with regard to ammonia releases at an Oklahoma processing plant, disclosing later in December 2017 that it had settled the violations by “agreeing to pay a civil penalty and to implement a supplemental environmental project…both totaling less than $1 million.” Recently, on November 8, 2018, the Company announced a $1,006,000 civil settlement with the U.S. Department of Homeland Security and the Oklahoma Attorney General relating to employment practices by the company’s pork production plant in Guymon, Oklahoma.

KSF’s investigation is focusing on whether Seaboard’s officers and/or directors breached their fiduciary duties to Seaboard’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Seaboard shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ( lewis.kahn@ksfcounsel.com ), or visit https://www.ksfcounsel.com/cases/nyse-seb/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181109005599/en/

CONTACT: Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner, 877-515-1850

lewis.kahn@ksfcounsel.com

KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Kahn Swick & Foti, LLC

Copyright Business Wire 2018.

PUB: 11/09/2018 10:50 PM/DISC: 11/09/2018 10:50 PM

http://www.businesswire.com/news/home/20181109005599/en

AP RADIO
Update hourly