I ran across this on a financial site I frequent. I thought is was interesting, especially with the e-book Meathead just released:
Chicken price-fixing
Pilgrim's Pride (NASDAQ:PPC) has agreed to a plea deal with the U.S. Justice Department to resolve price-fixing charges, and will pay a fine of $110.5M. A guilty plea by the poultry giant will make Pilgrim's the first business to admit in court to what prosecutors have alleged was a roughly seven-year effort (from 2012 to early 2019) to inflate prices across much of the U.S. chicken industry. Current and former employees of other chicken companies, including Tyson Foods (NYSE:TSN), have also been charged, and the latter has been cooperating with the government's investigation under a corporate leniency program.
Chicken price-fixing
Pilgrim's Pride (NASDAQ:PPC) has agreed to a plea deal with the U.S. Justice Department to resolve price-fixing charges, and will pay a fine of $110.5M. A guilty plea by the poultry giant will make Pilgrim's the first business to admit in court to what prosecutors have alleged was a roughly seven-year effort (from 2012 to early 2019) to inflate prices across much of the U.S. chicken industry. Current and former employees of other chicken companies, including Tyson Foods (NYSE:TSN), have also been charged, and the latter has been cooperating with the government's investigation under a corporate leniency program.
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