{"id":89758,"date":"2020-10-14T21:49:32","date_gmt":"2020-10-14T18:49:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/pilgrims-pride-reaches-plea-deal-over-chicken-price-fixing\/"},"modified":"2020-10-14T21:49:32","modified_gmt":"2020-10-14T18:49:32","slug":"pilgrims-pride-reaches-plea-deal-over-chicken-price-fixing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/pilgrims-pride-reaches-plea-deal-over-chicken-price-fixing\/","title":{"rendered":"#Pilgrim\u2019s Pride reaches plea deal over chicken price-fixing"},"content":{"rendered":"

“#Pilgrim\u2019s Pride reaches plea deal over chicken price-fixing<\/strong>”
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\n Pilgrim\u2019s Pride has reached a plea agreement with the US government over charges of price-fixing in the chicken industry.<\/p>\n

Under the agreement, Pilgrim\u2019s Pride would pay a fine of $110.5 million as a penalty for restraining competition in three separate contracts with a US customer. In exchange, the Department of Justice would not bring further charges against Pilgrim\u2019s Pride or recommend a monitor or any probationary period.<\/p>\n

The agreement must still be app<\/a>roved by the US District Court in Colorado. Pilgrim\u2019s Pride had been scheduled to face price-fixing charges in federal court on Thursday, according to court filings.<\/p>\n

\u201cPilgrim\u2019s is committed to fair and honest competition in compliance with US antitrust laws,\u201d Pilgrim CEO Fabio Sandri said in a statement.<\/p>\n

The Department of Justice confirmed the plea deal but said it won\u2019t comment until the agreement is filed with the court.<\/p>\n

The agreement does not appear to impact ongoing cases against former Pilgrim\u2019s Pride executives.<\/p>\n

In June, the government charged two executives \u2014 Pilgrim\u2019s Pride President and CEO Jayson Penn and former Vice President Roger Austin \u2014 with conspiring to fix prices and rig bids for broiler chickens from at least 2012 to 2017. Both have pleaded not guilty. Penn left Pilgrim\u2019s Pride last month.<\/p>\n

The charges were among the first in a long-running government investigation into price-fixing in the poultry industry. Last week, a federal grand jury in Colorado indicted six more employees at chicken suppliers on price-fixing charges. Ten people have been charged in all.<\/p>\n

One of Pilgrim\u2019s Pride\u2019s competitors, Springdale, Arkansas-based Tyson Foods, said in June that it was cooperating with the Justice Department\u2019s investigation. Tyson said it received a grand jury subpoena in April 2019 and shared documents with the government.<\/p>\n

Greeley, Colorado-based Pilgrim\u2019s Pride is a division of JBS USA, the US subsidiary of Brazilian meat production giant JBS SA. Pilgrim\u2019s Pride has more than 54,000 employees and 36 production facilities in the US and abroad. The company says it processes one of every five chickens in the US.<\/p>\n

Nearly 40 lawsuits have been filed by grocers, restaurants and others alleging price fixing in the chicken industry. One lawsuit, filed by New York-based Maplevale Farms, said big chicken producers shared information through a third-party data firm and restricted supply by destroying breeder hens on several occasions.\n <\/p><\/div>\n

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For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

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If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Pilgrim\u2019s Pride reaches plea deal over chicken price-fixing” Pilgrim\u2019s Pride has reached a plea agreement with the US government over charges of price-fixing in the chicken industry. Under the agreement, Pilgrim\u2019s Pride would pay a fine of $110.5 million as a penalty for restraining competition in three separate contracts with a US customer. In exchange,…<\/p>\n","protected":false},"author":1,"featured_media":89759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/pilgrims-pride-DOJ-settlement-e1602701158817.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[75696,72312,71391,72313,70905,74132,71007],"class_list":["post-89758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-14-20","tag-chicken","tag-department-of-justice","tag-pilgrims-pride","tag-plea-deals","tag-prices","tag-scandals"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=89758"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/89759"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=89758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=89758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=89758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}