Pilgrim’s Pride Chicken Price-Fixing Suit
Reports have revealed that the nation’s second-largest chicken producer, Pilgrim’s Pride, will plead guilty with the U.S. Justice Department after being accused of price-fixing.
According to reports, the company agreed to pay a $110.5 million fine and admit to what the U.S. Justice Department argued.
The government prosecutors have claimed that major producers have worked together to inflate the price of chicken.
Pilgrim’s Pride said that its agreement with the government will settle all charges connected to the case.
Moreover, “it does not require restitution, a probation period, or a compliance monitor.”
“We are encouraged that today’s agreement concludes the Antitrust Division’s investigation into Pilgrim’s, providing certainty regarding this matter to our team members, suppliers, customers, and shareholders,” said Pilgrim’s Chief Executive Fabio Sandri.
Editor’s note on the news about Pilgrim’s Pride Pleads Guilty to Chicken Price-fixing Charges:
This piece is to inform you about Pilgrim’s Pride To Plead Guilty for Chicken Price-fixing Charges.
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