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.
Parent company Hormel Foods reports 21 percent increase in net income
Carolina Premium Foods was awarded a $750,000 grant to reopen the facility
The Poultry Confidence Index’s Overall Index now stands at 146.8 (1996=100), down from 156.3 in Q2 2014.
Officials discovered the poultry products tainted with hydrogen peroxide at nine factories, netting 38 arrests so far
Poultry producer's net income at $76.1 million compared to $67.9 million for the same period in 2013.
Company temporarily limited or stopped production at the plant in Shelbyville after finding black specs in the water supply
Shares of Hillshire Brands can now be purchased through Wednesday, Aug. 27
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