Pilgrim’s Pride Corp. pleaded guilty to charges that it participated in a conspiracy to fix prices and rig bids for broiler chicken products, according to WattPoultry.com
. A plea agreement was reached in the U.S. District Court in Denver, in which Pilgrim’s admitted to participating in a conspiracy to
suppress and eliminate competition. The company must pay nearly $108 million in criminal fines. In January, the company reached a deal to pay $75 million to its buyers to settle claims that it
conspired with other poultry producers to fix chicken prices and rig bids.
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