Pilgrim’s Pride Corporation
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According to the Complaint, the Company made false and misleading statements to the market. Pilgrim’s Pride and its executives engaged in an illegal conspiracy of antirust activity including bid-rigging and price-fixing that ran from 2012 through at least early 2017. This illegal activity created competitive advantages for the Company. Based on these facts, the Company’s public statements throughout the class period were false and materially misleading. When the market learned the truth about Pilgrim’s Pride, investors suffered damages.
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Pilgrim’s Pride Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
Los Angeles, June 3, 2020 — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Pilgrim’s Pride Corporation (“Pilgrim’s Pride” or “the Company”) (NASDAQ: PPC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Wall Street Journal reported on June 3, 2020, that Pilgrim’s Pride CEO Jayson Penn and other Company executives were indicated “for allegedly conspiring to fix prices on chickens sold to restaurants and grocery stores.” Based on this news, shares of Pilgrim’s Pride fell by more than 12% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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The Schall Law Firm
Brian Schall, Esq.