| Putting this news in context of the Islamic economy: Pilgrim's Pride supplies halal-certified chicken products. - Salaam Gateway |
Published 11 Jan,2021 via Bloomberg Markets - Pilgrim’s Pride Corp. has agreed to pay $75 million to chicken buyers to settle claims that the second-biggest American poultry producer had fixed prices, according to a U.S. Securities and Exchange Commission filing Monday.
The company, a unit of Brazilian meat giant JBS SA, didn’t admit to wrongdoing as part of the broiler antitrust settlement, it said in a U.S. regulatory filing on Monday. The payment will be reflected in Pilgrim’s fourth-quarter results.
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Michael Hirtzer