Pilgrim’s Pride Is First to Plead Guilty to Chicken Price-Fixing

Feb. 23, 2021, 9:19 PM

Pilgrim’s Pride Corp., one of the top U.S. chicken producers, has become the first company sentenced to pay a criminal fine as part of an ongoing antitrust investigation into the industry by the Justice Department.

The JBS SA-owned firm pleaded guilty to conspiring with rivals to illegally prop up prices between 2012 and 2017, and will pay $108 million, the Justice Department said Tuesday. That adds to hundreds of millions of dollars in civil settlements that the chicken industry has already made.

The fines and payments are likely not over, a sign that the extreme consolidation that’s occurred ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.