Poultry Producers Hit With Chicken Price Antitrust Suit
Law360, New York (September 2, 2016, 5:13 PM EDT) -- Food distributor Maplevale Farms on Friday filed a proposed class action in Illinois against Tyson Foods, Pilgrim's Pride and several other poultry producers alleging they conspired to fix chicken prices.
The poultry producers manipulated the price of so-called broiler chickens by coordinating and limiting production and exchanged detailed information about prices, capacity and sales volume through data compiler Agri Stats Inc., also named as a defendant in the suit, Maplevale Farms Inc. said.
"Defendants knew and intended that their coordinated limitation and reduction in Broiler supply would artificially increase all Broiler prices — for spot market and contract sales — above...
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