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.
The extent to which Pilgrim’s repurchases its shares and the timing of such repurchases will depend upon market conditions, other corporate considerations
The extent to which Pilgrim’s repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations
Beef cutting operations added to West Liberty Foods plant in Bolingbrook, Illinois
Net sales for the company drop when compared to second quarter of 2014
The International Poultry and Swine Show (SIAVS) of Brazil kicked off July 29, showcasing the muscle of the animal protein production of this country.
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