NEW ORLEANS, Oct. 26, 2018
NEW ORLEANS, Oct. 26, 2018 /PRNewswire/ -- 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 recipient of numerous subpoenas and informal inquiries by the U.S. Department of Justice ("DOJ") seeking information relating to foreign entities as well as an affiliate of Seaboard, including a 2017 probe into money transfers and bank accounts in the Democratic Republic of Congo and other African countries for which the DOJ also seeks "to interview certain Seaboard employees and to obtain testimony before a grand jury." In February 2016, the Company revealed it was being investigated by the U.S. Environmental Protection Agency ("EPA") 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, the aggregate amount of both totaling less than $1 million."
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 ([email protected]), 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.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC