Last year, the Justice Department intervened in a lawsuit brought by major chicken customers against Pilgrim’s Pride, Tyson Foods and other producers. The company also noted that it would not have to pay any restitution or be subject to monitoring under the agreement. Pilgrim’s Pride said the agreement included a provision that the Justice Department would not bring any more charges against the company on this matter. It did not provide any details of the deal.Ī settlement could help ease pressure on Pilgrim’s Pride, which is among a number of major poultry producers that have been contending with price-fixing allegations for years. The Justice Department’s antitrust division confirmed that it had entered into a plea agreement with Pilgrim’s Pride that was subject to court approval. The executives, and two others from Claxton Poultry, were accused of colluding from at least 2012 to 2017 to fix prices and rig bids across the United States. In June, prosecutors indicted Jayson Penn, who was president and chief executive of Pilgrim’s Pride, and Roger Austin, its former vice president, on a price-fixing charge. ![]() The settlement comes after federal prosecutors ramped up pressure on top industry executives. District Court for the District of Colorado. ![]() ![]() The settlement, reached with the Department of Justice, will need to be approved by the U.S. The company, based in Colorado, said it had agreed to the fine for “restraint of competition” in chicken sales in three contracts to a customer in the United States, according to the statement. Pilgrim’s Pride, one of the largest poultry producers in the United States, said on Wednesday that it would pay $110.5 million to settle federal charges that it had helped fix prices and then passed on higher costs for chicken to consumers, restaurants and supermarkets.
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