5th Circ. Tosses $25M Antitrust Fine Against Pilgrim's Pride

Law360, New York (August 28, 2013, 1:21 PM ET) -- The Fifth Circuit on Tuesday struck down a $25 million judgment against Pilgrim's Pride Corp., ruling the chicken producer's decision to suspend operations at its Arkansas plant — a move intended to increase poultry prices — did not violate U.S. antitrust laws.

The ruling overturns a penalty issued in 2011 against Pilgrim's Pride over its decision to cut costs by suspending operations at several of its facilities shortly after the company filed for bankruptcy. Pilgrim's Pride was producing more chicken than the market demanded and “wisely”...
To view the full article, register now.