September 24, 2021

Volume XI, Number 267

Advertisement

September 24, 2021

Subscribe to Latest Legal News and Analysis

September 23, 2021

Subscribe to Latest Legal News and Analysis

September 22, 2021

Subscribe to Latest Legal News and Analysis

September 21, 2021

Subscribe to Latest Legal News and Analysis
Advertisement

Pilgrim’s Pride Settles Poultry Price-Fixing Charges

Pilgrim’s Pride Corp. has agreed to pay $75 million to chicken buyers to settle price-fixing claims, according to the Securities and Exchange Commission.

The company, a unit of Brazilian meat giant JBS SA, didn’t admit to wrongdoing.

The company agreed in October to pay a $110.5 million fine in a plea deal with the DOJ on the price-fixing allegations, which successfully implicated two of its former chief executives.

Poultry buyers including Chick-fil-A and Target Corp. have sued top U.S. chicken producers for fixing meat prices for years.

“At latest count,” according to Successful Farming, “10 executives from at least five poultry processing companies have been indicted by a federal grand jury in Denver as part of an ongoing investigation by the Justice Department. The indictments include two former chief executives of Pilgrim’s. The government says the price-fixing conspiracy operated from at least 2012 until at least early 2019 and resulted in higher prices for consumers.”

© MoginRubin LLPNational Law Review, Volume XI, Number 18
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

About this Author

Competition law is known as “antitrust law” in the United States, as both “antitrust” and “competition law” in the European Union and as “anti-monopoly” laws in other jurisdictions.  MoginRubin lawyers have been leaders in antitrust law for over 35 years, helping companies fight for their place in the market through litigation in federal and state courts around the country and representing their interests before the Department of Justice, the Federal Trade Commission, Congress and state legislatures.  With the combined experience of private litigators, economists and...

202.630.0616
Advertisement
Advertisement
Advertisement