Tagged: Pilgrims Pride

J&F Investimentos Subsidiary, Pilgrim’s Pride, Agrees to $110 its Million Penalty for Antitrust Cartel in Chicken Processing Industry (Part V of V)

J&F Investimentos Subsidiary, Pilgrim’s Pride, Agrees to $110 its Million Penalty for Antitrust Cartel in Chicken Processing Industry (Part V of V)

Shortly before announcing its comprehensive FCPA settlement with DOJ and the SEC, Pilgrim’s Pride agreed with the Justice Department’s Antitrust Division to plead guilty to price-fixing in the chicken processing industry.  Pilgrim’s Pride is one of the largest poultry producers in the United States.  The plea agreement was restricted to three contracts to a customer in the United States. Under the plea agreement, Pilgrim’s Pride...