Pilgrim’s Satisfaction Company has agreed to pay $100 million to settle claims that it conspired with different poultry integrators to underpay contract growers.
In step with a Reuters document, a initial agreement used to be filed on August 16 within the U.S. District Court docket in Muskogee, Oklahoma. The proposed agreement nonetheless wishes the approval of U.S. District Pass judgement on Robert Shelby.
Within the seven-year-old antitrust lawsuit, Pilgrim’s Satisfaction is accused of sharing confidential data regarding grower repayment with different poultry corporations, in addition to agreeing with different corporations not to try to recruit one any other’s growers.
Regardless of agreeing to the agreement, Pilgrim’s Satisfaction denies any wrongdoing.
Different corporations accused of collusion on this lawsuit have up to now reached settlements. In step with the Reuters document, integrated in the ones corporations are Tyson Meals, Sanderson Farms, Koch Meals and Perdue Meals. Then again, none in their agreement quantities had been close to as top as the quantity agreed to through Pilgrim’s Satisfaction.
The former very best agreed-to quantity concerned Tyson Meals, which settled for $21 million. The smallest quantity concerned Perdue, which settled for $14.75 million.
Headquartered in Greeley, Colorado, Pilgrim’s Satisfaction is the 2d biggest poultry manufacturer in the USA. Right through 2023, the corporate processed 161.7 million kilos of ready-to-cook rooster on a weekly foundation. In step with data from the WATTPoultry.com Best Poultry Corporations Database, Pilgrim’s Satisfaction operates 26 slaughter crops, 33 hatcheries and 27 feed turbines.