Articles tagged under: Pilgrim’s Pride
Price-Fixing Indictments in the Poultry Sector
Published July 30, 2021
The Justice Department has filed indictments against Koch Foods and four executives from Pilgrim’s Pride. There are allegations of a conspiracy to suppress and eliminate competition in the poultry business. Fourteen individuals have now charged in this price-fixing case.Pilgrim’s Pride Pleads Guilty to Price-Fixing
Published February 24, 2021
Pilgrim’s Pride has pleaded guilty and will pay a fine of nearly $108 million. The company faced allegations of price-fixing and bid-rigging in the broiler chicken market. Other poultry companies face similar allegations, but Pilgrim’s Pride is the first one…A Settlement in Chicken Price-Fixing Case
Published January 12, 2021
The two largest U.S. chicken producers have settled with the government, resolving a legal fight over allegations of price fixing. Tyson Foods has not disclosed the settlement figure, but Pilgrim’s Pride paid $75 million to settle the civil claims. Neither…Penn Leaves Pilgrim’s Pride, Sadri Promoted to CEO
Published September 23, 2020
Pilgrim’s Pride Corporation says president and CEO Jayson Penn has left the company. In June, Penn was put on leave after the U.S. Justice Department indicted him on conspiracy to rig chicken prices, Pilgrim’s Pride says Chief Financial Officer and…Poultry Company Executives Accused of Price Fixing
Published June 4, 2020
The CEO of one of the country’s biggest chicken producers and three other industry executives have been indicted on price fixing charges on chicken sold to restaurants and grocery stores. In Wednesday’s indictment, Pilgrim’s Pride CEO Jayson Penn and former…A Tough Quarter for Pilgrim’s Pride
Published May 2, 2019
Pilgrim’s Pride reports first quarter profits of $84 million, down from $119 million last year. After a very challenging year in 2018, company officials said the demand for chicken is improving.4Q Loss for Pilgrim’s Pride
Published February 14, 2019
Pilgrim’s Pride reports a fourth quarter loss of $7.3 million. That compares to profits of $134 million one year earlier. The chicken processing company cites lower chicken prices and weather disruptions that hurt its U.S. and European business.