Shareholder Suit Over Pilgrim’s Pride Participation in Price-Fixing Scheme Revived

The 10th Circuit revived a shareholder’s amended complaint alleging a chicken producer failed to loop investors in on a price-fixing scheme Thursday from a statute of repose-driven dismissal.

JBS Withdraws Offer for Pilgrim’s Pride Shares

February 23, 2022 BizWest

JBS SA, the Brazilian parent of JBS USA, based in Greeley, has withdrawn its bid to acquire all outstanding shares of Pilgrim’s Pride Corp. (Nasdaq: PPC), the Greeley-based poultry-processing company.

Four Executives and Company Charged with Price Fixing in Ongoing Investigation into Broiler Chicken Industry

A federal grand jury in Denver, Colorado, returned an indictment yesterday charging Koch Foods, headquartered in Park Ridge, Illinois, for participating in a nationwide conspiracy to fix prices and rig bids for broiler chicken products. Separately, a federal grand jury in Denver returned an indictment charging four executives for their roles in the same conspiracy.

DOJ: Pilgrim’s Pride Pleads Guilty to Price Fixing, Sentenced to a $107M Criminal Fine

February 24, 2021 Perishable News

Pilgrim’s Pride Corporation (Pilgrim’s), a major broiler chicken producer based in Greeley, Colorado, has pleaded guilty and has been sentenced to pay approximately $107 million in criminal fines for its participation in a conspiracy to fix prices and rig bids for broiler chicken products, the Department of Justice announced today.

Pilgrim’s Pride Agrees to $75 Million Settlement For Price-Fixing Claims

January 13, 2021 Jordan Strickler, Forbes

Pilgrim’s Pride, one of the nation’s largest chicken processors, has reached a $75 million deal to settle price fixing claims. The company will be coughing up the largest settlement thus far in a drawn-out legal battle over alleged collusion among the companies which dominate America’s $65 billion chicken industry.