Koch Foods indicted as part of poultry price-fixing conspiracy
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.
Tyson to pay $221.5 million to settle price fixing claims
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.
Big poultry processor to pay $75 million to resolve antitrust lawsuit
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 …
Pilgrim’s to pay $110.5 million fine in U.S. price-fixing investigation
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)
U.S. price-fixing investigation tags another Pilgrim’s Pride chief
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.
Indictments could be a sign of increased antitrust enforcement in farm sector
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)
Poultry execs indicted for price fixing
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.
Poultry companies subpoenaed in DOJ investigation of chicken industry
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 …
Judge allows DOJ to intervene in poultry price-fixing case
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.
JBS, under fire for taking Trump’s tariff bailout, is accused of polluting a Colorado river
In a new lawsuit, environmental advocates say a Colorado beef-packing plant owned by JBS has been dumping polluted wastewater into a river for years. The suit comes as the Brazilian company is under fire for taking millions in President Trump's tariff bailout payments. (No paywall)
Top poultry producers face second price-fixing lawsuit
Two grocers last week filed a price-fixing lawsuit against the country’s top poultry processors. The suit alleges that the processors, including Tyson Foods, Koch Foods, Pilgrim’s Pride, and Perdue Farms, have conspired to fix the price of broiler chickens over the course of several decades.
Big U.S. poultry company takes step to become global player
Pilgrim's Pride, the second-largest U.S. poultry processor, will buy the European poultry producer Moy Park for $1.3 billion in a deal that its chief executive says will "position Pilgrim's to become a global player," reported Agrimoney. Moy Park claims a 25-percent share of the chicken market in western Europe.