June 18, 2025
Investors of poultry giant Pilgrim's Pride Corp. received the final nod for a $41.5 million deal to settle claims that trading prices for the company's shares were artificially inflated amid its participation in a broiler chicken price-fixing scheme.
May 20, 2025
A proposed class of investors asked a Colorado federal judge for a final sign-off on a $41.5 million settlement with Pilgrim's Pride Corp. to resolve claims they artificially inflated stock prices with a price-fixing scheme targeted at the broiler chicken market, with $13.7 million of the deal going to attorney fees.
January 27, 2025
Investors in Pilgrim's Pride asked a Colorado federal judge Friday to greenlight a settlement with the meat company and its former CEO, who have agreed to pay $41.5 million to resolve long-running claims over misrepresentations and price-fixing in the broiler chicken market that led to artificially inflated stock prices.
September 26, 2023
Pilgrim's Pride and two of the company's former executives urged a Colorado federal judge to end a nearly 8-year-old putative class action for good, arguing in a brief that the judge should follow the lead of courts that have tossed similar price-fixing claims against it over a lack of meat behind the allegations.
April 19, 2021
Pilgrim's Pride Corp. has secured another dismissal of a proposed securities class action accusing it of concealing a price-fixing scheme with other broiler chicken companies, and may not have to face those claims again.
March 14, 2018
A Colorado federal judge on Wednesday tossed a proposed securities class action against Pilgrim's Pride Corp. alleging the poultry giant concealed a price-fixing scheme with other broiler chicken companies that resulted in a stock price plunge when revealed, saying the suit pled "fraud by innuendo."