Pilgrim's Pride Settles Antitrust Case for $100 Million

Aug 19, 2024, 09:10 PM

Pilgrim's Pride, one of the largest U.S. poultry processors, has agreed to pay $100 million to settle claims that it conspired with rivals to underpay chicken farmers. This settlement is the final and largest in a seven-year-old antitrust case. The case involved allegations that Pilgrim's Pride, along with other poultry producers, engaged in anti-competitive practices to manipulate the pay of chicken farmers. The settlement marks a significant development in the broader legal battle over alleged market manipulation in the poultry industry.