Monday, July 22, 2024

Pilgrim’s Pride announces $110M agreement with DOJ

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GREELEY, Colo. — Pilgrim’s Pride Corp. has announced that it has entered into a plea agreement with the United States Department of Justice Antitrust Division in respect to its investigation into the sales of broiler chicken products in the United States.

In the plea agreement, which is subject to the approval of the United States District Court of Colorado, Pilgrim’s and the Antitrust Division agreed to a fine of $110,524,140 for restraint of competition that affected three contracts for the sale of chicken products to one customer in the United States.

The agreement does not recommend a. . .

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