Pilgrim's Pride, the nation's second-largest poultry processor, entered a guilty plea to federal charges of price-fixing and bid-rigging, the Department of Justice said on Tuesday.
Pilgrim's Pride Corp pleaded guilty and was sentenced to pay a $107.9 million fine on Tuesday to settle federal charges it conspired to fix chicken prices and passed on the costs to consumers and other purchasers.
Tyson Foods has agreed to pay a settlement of $221.5 million in the broiler chicken antitrust civil price-fixing lawsuit, according to filings Tuesday in federal court in Chicago.
Tyson Foods Inc. has agreed to settle a portion of a class action lawsuit alleging some of the nation’s major poultry companies conspired to fix broiler prices and rig bids.
Pilgrim’s Pride Corp., the nation’s second-largest U.S. chicken processor, said it has reached a settlement to pay $75 million to a group of poultry buyers in a price-fixing lawsuit.
Federal authorities have indicted four officials from two chicken companies for allegedly fixing prices and rigging bids for broiler chickens across the United States.
Yum China's KFC fast food chain will begin selling plant-based fried chicken for the first time in China over a limited time period, it said on Monday.
The chicken sandwich war between Chick-Fil-A and Popeye’s has added more turmoil to the poultry industry. It may be coming in the form of a shortage of smaller chickens. John Phipps explains in John's World.
