Humane Society Squeals To SEC Over Alleged Ham Sham

Law360, New York (November 3, 2011, 7:59 PM EDT) -- The Humane Society asked the U.S. Securities and Exchange Commission on Wednesday to investigate Smithfield Foods Inc., the world's largest pork producer and a McDonald's supplier, which it claims has misled shareholders about its animal welfare standards.

The animal welfare organization's complaint alleges that a series of videos produced by Smithfield to assure shareholders and consumers of its social responsibility, titled "Taking the Mystery Out of Pork Production" is "replete with false and/or misleading representations — both express and implied" in violation of the Securities Exchange...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.