Thursday, May 23, 2024

Pilgrim’s pleads guilty to price fixing, $107M fine sentenced

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First company to plead guilty in ongoing antitrust investigation

WASHINGTON — Pilgrim’s Pride Corp., based in Greeley, Colo., has pleaded guilty and has been sentenced to pay approximately $107 million in criminal fines for its participation in a conspiracy to fix prices and rig bids for broiler chicken products, the U.S. Department of Justice announced on Feb. 23.

According to the plea agreement entered in the U.S. District Court in Denver, from as early as 2012 and continuing at least into 2017, Pilgrim’s participated in a conspiracy to suppress and eliminate competition for sales of. . .

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