Poultry producerPilgrim’s Pride Corp. will pay a $110.5 million fine after striking a plea deal with the U.S. Department of Justice on price-fixing allegations related to its broiler-chicken products.
The Greeley, Colorado-based company reached a plea agreement over limiting competition on three chicken contracts with a U.S. customer, itsaid Wednesday. The deal issubject to approval by the U.S. District Court of Colorado and provides that the antitrust division refrain from further charges if the company complies with the terms.
Federal prosecutors recentlyexpanded a probe into price-fixing in the American chicken industry, and the former top executive of Pilgrim’sleft the company last month after being indicted. The allegations were the latest legal entanglement for U.S. meat producers over how their products are priced and how workers are treated in the plants.
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