Aug 19, 09:10 PM

Pilgrim's Pride Settles Antitrust Case for $100 Million

Pilgrim's Pride, one of the largest U.S. poultry processors, has agreed to pay $100 million to settle claims that it conspired with rivals to underpay chicken farmers. This settlement is the final and largest in a seven-year-old antitrust case. The case involved allegations that Pilgrim's Pride, along with other poultry producers, engaged in anti-competitive practices to manipulate the pay of chicken farmers. The settlement marks a significant development in the broader legal battle over alleged market manipulation in the poultry industry.

Written with ChatGPT (GPT-4o).

Sources

Bloomberg Law@BLaw
2 years ago
Big poultry producers and data provider Agri Stats failed to break free of a food company’s antitrust claims amid a broader fight over an alleged conspiracy to manipulate the turkey market. https://t.co/SbNZotYdlk
Reuters Legal@ReutersLegal
2 years ago
Pilgrim's Pride, one of the largest US 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 https://t.co/QUi76zepw2 https://t.co/VavI8NFXM8
Reuters@Reuters
2 years ago
Pilgrim’s Pride in $100 million settlement over chicken farmers' pay https://t.co/kgBGBmMLrX https://t.co/bPgooHaPBq

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