HRL - Pilgrim's Pride poultry stocks slip as price fixing trial progresses

Poultry producers like Pilgrim’s Pride Corporation (NASDAQ:PPC) saw shares slip on Monday as former executives once again find themselves in court over price fixing allegations. Per a filing in Colorado District Court, the government’s case to hold 5 executives, past and present, at major broiler chicken producers accountable for promoting price-fixing conspiracy bid rigging for broiler chicken products from 2012 to 2019 is kicking off on Monday with jury selection. The case had originally targeted not only Pilgrim’s Pride executives (PPC -6.2%), but Tyson Foods (TSN -0.0%), Perdue Farms,  Claxton Poultry, Koch Foods, George’s Inc., and Case Foods. As the case has been tried twice already, both times ending in a deadlocked jury, the list of defendants has been cut in half to 5 from the previous 10. As such, only Pilgrim’s Pride and Claxton Poultry Farms executives remain as defendants. This government previously justified the charges being dropped against

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Pilgrim’s Pride, poultry stocks slip as price fixing trial progresses