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Shining Light on Farm & Food Policy for 20 Years.
Sunday, September 08, 2024
Charges have been dismissed against two former Pilgrim’s Pride executives in a long-running case where the Justice Department had alleged price-fixing in the poultry industry.
The Justice Department has dropped charges against five executives of chicken companies for alleged price fixing following a second mistrial in the case in Colorado.
The Justice Department’s inquiry into poultry sector price fixing has resulted in new indictments against Illinois-based Koch Foods and four Pilgrim’s Pride executives.
Claxton Poultry Farms of Georgia has been indicted on charges of taking part in “a nationwide conspiracy to fix prices and rig bids for broiler chicken products” from 2012 through 2019, the Justice Department announced Thursday.
Pilgrim’s Pride has agreed to pay $75 million to settle price-fixing claims made in a lawsuit brought by the chicken industry giant's customers in Illinois.
Poultry giant Pilgrim’s Pride this week posted earnings of $119.4 million for the first quarter of 2018, up from $93.9 million in the same period in 2017, a 27 percent increase driven by increased consumer demand for chicken in the U.S., Mexico and Europe.
