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

NEW ORLEANS–(BUSINESS WIRE)–$SEB #SEB–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.

Contacts

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner,
877-515-1850
lewis.kahn@ksfcounsel.com

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