Pilgrim’s Pride Settles Lawsuit Over Farmers’ Pay for $100 Million

Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final and by far the largest settlement in the seven-year-old antitrust case.

A preliminary settlement was filed on Friday with the U.S. District Court in Muskogee, Oklahoma. It requires approval by U.S. District Judge Robert Shelby, who normally sits in Utah. Pilgrim’s Pride denied wrongdoing in agreeing to settle.

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