Perdue, Sanderson reach settlements in chicken price-fixing cases [Reuters]
Pilgrim's Pride Corporation (PPC)
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Source: Reuters
The settlement, disclosed in a Wednesday court filing , opens new tab in Chicago federal court, does not include any payments. Perdue, Sanderson and other defendants, which had won recent victories in the cases, agreed that they would not seek to recoup defense costs from the plaintiffs if they abandoned their remaining claims. The claims that suppliers fixed prices for wholesale direct purchasers were part of broader — and still-ongoing — antitrust litigation involving price-fixing claims from consumers and commercial plaintiffs, including grocery stores. The distributors had earlier secured nearly $285 million in settlements in recent years from chicken producers including Tyson and Pilgrim's Pride. Representatives for Sanderson and Perdue did not immediately respond to requests for comment. The plaintiffs' lawyers declined to comment. The distributors had alleged a years-long conspiracy by major suppliers to keep wholesale prices artificially high by curbing production and
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PPC
Earnings
- 5/1/24 - Beat
PPC
Sec Filings
- 5/2/24 - Form 8-K
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- PPC's page on the SEC website