Nineteen poultry processors, including industry leader Tyson Foods, are accused of conspiring to fix chicken prices in a lawsuit filed by Washington State Attorney General Bob Ferguson. The suit asks for restitution for Washington consumers that could potentially run into the millions of dollars.
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.
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.
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.
The District Court judge overseeing a massive price-fixing lawsuit against chicken companies said on Wednesday that he would extend a stay of discovery in that case to make way for a criminal investigation by the Department of Justice.