Governance
JBS subsidiary Pilgrim's Pride completes price-fixing guilty plea and $107M penalty
Apr 1, 2024
Pilgrim's Pride, a JBS subsidiary that is the second-largest chicken producer in the US, pled guilty to conspiracy to fix prices and rig bids for broiler chicken products. Combined with parent company JBS's $52.5M beef price-fixing fine, total antitrust penalties exceeded $150M.
Key Details
Agency
DOJ Antitrust Division
Date
April 1, 2024
Severity
Critical
Penalty
$107000000
Location
Corporate-wide
Domain
Governance