Civil Plaintiff

Pilgrim’s Pride Pays $110M to Settle Chicken Price-Fixing Charges

New York (CNN Business)Pilgrim’s Pride announced Wednesday that it will pay more than $110.5 million in a plea agreement with the US Department of Justice’s Antitrust Division.

The plea is related to the DOJ’s investigation into broiler chicken products, according to a news release. Earlier this year, senior executives from Colorado-based Pilgrim’s (PPC) and Georgia-based Claxton Poultry Farms — major US chicken producers — were indicted for conspiring to fix prices and rig bids on broiler chickens, which are sold to grocery stores and restaurants.
The one-count indictment leveled charges against former CEO Jayson Penn and former vice president, Roger Austin. The Wall Street Journal reported Penn left the company in September.

Read the source article at cnn.com

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