If you purchased or otherwise acquired Pilgrim’s Pride Corporation securities (common stock ticker symbol “PPC”) between February 21, 2014, and November 17, 2016, inclusive, you could receive a payment from this class action settlement.
The Settlement resolves a federal class action lawsuit alleging that Pilgrim’s Pride Corporation and certain of its officers violated portions of the Securities Exchange Act of 1934 by making materially false and misleading statements and omissions regarding the competitiveness of the broiler chicken industry, with profitability based on the supply and demand for chicken, and that the Company’s strong financial performance was due to its better product “mix,” “diverse portfolio model,” “operational improvements,” and “pricing strategy,” when instead Defendants and other chicken producers worked together in an anticompetitive conspiracy to decrease chicken supply and raise chicken prices, which artificially inflated the price of Pilgrim’s stock or otherwise prevented it from falling over the course of the Settlement Class Period.
The Settlement will provide a Settlement Fund of $41,500,000 in cash for the benefit of Settlement Class Members. The Settlement Fund will be distributed pro rata, after deduction of taxes and Court-approved fees and expenses, among all Settlement Class Members who submit valid Proof of Claim forms, according to a Court-approved Plan of Allocation.
Your legal rights are affected whether you act or do not act. Read the Notice carefully and in its entirety.
YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT | |
SUBMIT A CLAIM FORM BY MAY 27, 2025 The Claim Form deadline has passed. Claim Forms must have been submitted online or postmarked no later than May 27, 2025. | The only way to get a payment in this Settlement. |
EXCLUDE YOURSELF FROM THE SETTLEMENT BY SUBMITTING A REQUEST FOR EXCLUSION BY MAY 27, 2025 The exclusion deadline has now passed. Exclusion requests must have been received no later than May 27, 2025 | Get no payment pursuant to this Settlement. This is the only option that allows you to be a part of any other lawsuit against the Defendants and their affiliates involving the claims released by this Settlement. Please note that if you exclude yourself from the Settlement Class and decide to pursue your own action individually, you may not be able to pursue certain claims due to the lapsing of certain applicable statutes of repose. |
OBJECT BY MAY 27, 2025 The objection deadline has now passed. A written objection must have been received no later than May 27, 2025 | Write a letter to the Court objecting to the Settlement. You must still file a claim if you want to receive payment from the Settlement. |
GO TO A HEARING ON JUNE 17, 2025 AT 10:00 A.M. The Settlement Hearing took place on June 17, 2025. The Settlement was approved. Please see the Final Judgement and Order for details
| Ask to speak in Court about the Settlement. |
DO NOTHING | Get no payment from this Settlement. You will also be giving up your rights regarding all claims released by this Settlement and any other lawsuit as to the common stock. |