Wednesday, June 03, 2020

Pilgrim's Pride CEO, 3 other chicken industry executives indicted for price fixing

Four chicken industry executives were indicted Wednesday for allegedly conspiring to fix prices on chickens sold to restaurants and grocery stores, the Justice Department's first charges in a continuing criminal antitrust probe. The one-count indictment, returned by a federal grand jury in Colorado, alleges current and former senior executives at Pilgrim's Pride Corp. and Claxton Poultry Farms fixed prices and rigged bids from 2012 to 2017. Colorado-based Pilgrim's is the nation's second largest producer. Company Chief Executive Jayson Penn was charged, as was a former Pilgrim's vice president, Roger Austin. The president of Georgia-based Claxton, Mikell Fries, and a vice president, Scott Brady, were both indicted...MORE

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