Poultry Co. Fights $26M Price Manipulation Fine

Law360, New York (January 19, 2012, 7:47 PM EST) -- Poultry producer Pilgrim's Pride Corp. on Thursday appealed a September ruling that it must pay nearly $26 million for violating antitrust law when it suspended operations at an Arkansas plant during the company’s bankruptcy, artificially raising chicken prices while avoiding payments to farmers.

The company filed a notice of appeal asking the Fifth Circuit to review a December order denying its request for a retrial.

Former U.S. Magistrate Judge Charles Everingham IV of federal court in Marshall, Texas, in September ordered Pilgrim's, formerly known as Pilgrim's...
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