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Market
Will Pilgrim's Pride announce changes to its payment practices by December 31, 2024?
2
Resolution / Starting Odds
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No • 50%
Official announcements from Pilgrim's Pride, news reports
Story
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.
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Plant shutdown • 25%
Major fines imposed • 25%
Operational changes mandated • 25%
No significant action • 25%