Roughly $25 million in damages has been awarded to El Dorado, Ark., poultry growers who supplied stock to Pilgrim's and sued the company in 2009 claiming violation of contracts.
Pilgrim's closed its El Dorado processing plant and two others — one in Douglas, Ga., and one in Farmerville, La. — in mid-2009 after filing for bankruptcy protection in 2008. The judge who heard the case ruled that Pilgrim's was trying to manipulate the price of chicken by closing the processing plants.
The same judge will now hear the part of the lawsuit involving poultry growers connected to the Farmerville plant.
Participation in international trade continues to grow
The number of chickens slaughtered expected to jump by 28.5 percent in 2015
44 cases have been confirmed in four provinces
Overall market conditions aren’t favorable for IPO at this time, company states
Good management and low corn prices have contributed to the company's increased profitability.
After weak start to year, poultry meat exports approach record high
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