On or around 08/12/2020 (Date of last review)
Filing Date: July 06, 2020
According to the Complaint, Pilgrim’s Pride Corporation is a large, vertically integrated producer of meat products. The majority of Pilgrim’s Pride’s annual sales arise from chicken products, which the Company primarily sells to grocers and chain restaurants.
The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) Pilgrim’s Pride and its executives had participated in an illegal antitrust conspiracy to fix prices and rig bids from at least as early as 2012 and continuing through at least early 2017; (2) Pilgrim’s Pride received competitive advantages, which persisted during the Class Period, from its anticompetitive conduct; and (3) as a result, the Defendants’ statements about the Pilgrim’s Pride’s business, operations, and prospects lacked a reasonable basis.
Company & Securities Information
Defendant: Pilgrim's Pride Corporation
Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States
Ticker Symbol: PPC
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
United Food and Commercial Workers International Union Local 464A, et al. v. Pilgrim's Pride Corporation, et al.