A federal grand jury in Denver indicted Koch Foods, the fifth-largest U.S. poultry processor, for taking part in a nationwide conspiracy to fix prices and rig bids for poultry products, announced the Justice Department on Thursday.
The largest U.S. poultry producer, Tyson Foods, said on Wednesday it would pay $221.5 million to settle antitrust litigation that accuses it of price fixing in the sale of broiler chicken meat.
Three months after a plea agreement with the government that included a $110.5 million fine, Pilgrim’s Pride, the second-largest U.S. poultry processor, said on Monday it would pay $75 million to settle a class-action lawsuit by its customers. Other price-fixing claims are pending in the …
The second-largest poultry processor in the country, Pilgrim's Pride Corp., said on Wednesday that it will pay a $110.5 million fine as part of a plea agreement with the Justice Department, which is investigating price fixing in broiler chicken products. Pilgrim's announced the plea deal one week after a second former chief executive was indicted on charges of being part of a multiyear conspiracy among industry executives to rig bids and fix prices. (No paywall)
A federal grand jury indicted former chief executive William Lovette of Pilgrim's Pride, one of the largest U.S. poultry processors, and five other industry executives on charges of conspiring to fix prices and rig bids for broiler chicken products, announced the Justice Department on Wednesday.
After years of failed attempts to draw attention to market concentration in the meat sector, farmers are cautiously optimistic about federal investigations into alleged antitrust violations in the chicken and beef industries. And grand jury indictments of four chicken industry executives could be a sign of more antitrust action to come, says a former attorney at the Department of Justice. (No paywall)
A federal grand jury indicted four poultry industry executives on a charge of conspiring to fix prices and rig bids for broiler chickens, announced the Justice Department on Wednesday. The charges were the first in "an ongoing federal antitrust investigation into price-fixing, bid rigging, and other anticompetitive conduct in the broiler chicken industry," it said.
Tyson Foods, Pilgrim’s Pride, and Perdue Farms have all been subpoenaed by the Department of Justice in the agency’s grand jury investigation into the poultry sector. FERN broke news of the investigation in June. The Wall Street Journal reports that the three poultry companies will cooperate …
U.S. District Judge Thomas Durkin in Chicago granted the Department of Justice’s request to stay discovery in a high-profile case that alleges collusion in the poultry industry. Durkin halted discovery in the case for three months, half the time DOJ had requested to protect its own grand jury investigation of the poultry sector.