Frequently Asked Questions

To qualify for a payment, you must submit a Proof of Claim and Release Form. You may also submit a claim on this website by clicking here. Read the instructions carefully, fill out the Claim Form, include all the documents the form asks for, sign it, and submit the completed claim form so that it is received (if emailed or submitted online), or postmarked (if mailed) no later than May 27, 2025. 

The Court will hold a hearing on June 17, 2025, 10:00 a.m., to decide whether to approve the Settlement. If the Court approves the Settlement, after that, there may be appeals by Settlement Class Members. Resolving appeals can take time, perhaps more than a year. It also takes time for all the Claim Forms to be processed. 

Unless you specifically exclude yourself, you will be treated as a member of this Class Action. This means that, upon the Effective Date, you will relinquish all Released Claims against the Released Defendants’ Parties. These terms are defined below: 

“Released Claims” means all claims (including but not limited to Unknown Claims) and causes of action of every nature and description whatsoever whether known or unknown, asserted or unasserted, whether arising under federal, state, local, statutory, common, foreign or administrative law, or any other law, rule or regulation, whether fixed or contingent, at law or in equity, whether class or individual in nature, that Plaintiff, or any other Settlement Class Member or their representatives, heirs, successors-in-interest and assigns, asserted in the Action or could have asserted, directly or indirectly, in any forum that arise out of or are based upon or related to the purchase, sale, acquisition, disposition or holding of Pilgrim’s securities during the Settlement Class Period (including, without limitation, claims in connection with, relating to or arising from any public statement made or omissions to make statements by any Defendant during the Settlement Class Period and/or any of the allegations, transactions, facts, events, acts, failures to act, matters or occurrences that were or could have been alleged, asserted, contended, set forth, related to or referred to in the Action by Plaintiff or Settlement Class Members). Released Claims, includes “Unknown Claims” as defined in the Stipulation. 

“Released Defendants’ Parties” means each and all of the Defendants, each of their respective spouses and immediate family members (for individuals) and past, present and future direct and indirect parent entities, parent corporations, sister corporations, subsidiaries, related entities and affiliates, and, as applicable, their respective past and present general partners, limited partners, principals, shareholders, investors (however denominated), joint ventures, members, officers, directors, managers, managing directors, supervisors, employees, contractors, servants, consultants, auditors, accountants, financial advisors, professional advisors, investment bankers, representatives, insurers, reinsurers, receivers, trustees, trustors, agents, attorneys, legal representatives, professionals, predecessors, successors, assigns, assignors, legatees, devisees, estates, settlors, beneficiaries, heirs, executors, successors-in-interest, administrators, and any controlling person thereof. 

The “Effective Date” will occur when an order entered by the Court approving the Settlement becomes final and no longer subject to appeal. 

If you remain a Member of the Settlement Class, all of the Court’s orders will apply to you and legally bind you. 

To exclude yourself from the Settlement, you must send a signed letter by mail stating that you “request exclusion from the Settlement Class in In re Pilgrim’s Pride Corp. Securities Litigation, Civil Action No. 1:16-cv-02611 (D. Colo.).” Your letter should state: the number of shares of Pilgrim’s securities that the Person requesting exclusion held at the close of trading on February 20, 2014, the number of shares of Pilgrim’s securities that the Person requesting exclusion purchased, acquired, sold, or disposed of during the Settlement Class Period, as well as the number of shares, dates and prices for each such purchase, acquisition, sale, and/or disposition. In addition, be sure to include your name, address, telephone number, and signature. You must mail your exclusion request so that it is received no later than May 27, 2025 to one of the addresses below:

For regular or express mail:

Pilgrim’s Pride Securities Litigation

c/o Kroll Settlement Administration

P.O. Box 225391: New York, NY 10150-5391

For express delivery service:

 Pilgrim’s Pride Securities Litigation

 c/o Kroll Settlement Administration

 One World Trade Center, 285 Fulton Street, 31st Floor

 New York, NY 10007  

No. Unless you exclude yourself, you give up any rights to sue Defendants and the other Released Defendants’ Parties for any and all Released Claims. Remember, the exclusion deadline is May 27, 2025. 

No

The judgment of the Court will be binding upon you if you do nothing. You will get no money from this Settlement and you will be precluded from starting a lawsuit, continuing with a lawsuit, or being part of any other lawsuit against Defendants and the other Released Defendants’ Parties about the Released Claims in this case, ever again. To share in the Net Settlement Fund, you must submit a Claim Form (see question #1 How can I get a payment?). To start, continue, or be a part of any other lawsuit against Defendants and the other Released Defendants’ Parties about the Released Claims in this case, you must exclude yourself from this Settlement Class (see question #4 How do I exclude myself the proposed settlement?). 

The Court ordered that Lead Counsel Kahn Swick & Foti, LLC represents all Settlement Class Members. The Court will determine the amount of Lead Counsel’s fees and expenses, which will be paid from the gross Settlement Fund. You will not be separately charged for these lawyers. If you want to be represented by your own lawyer, you may hire one at your own expense. 

Lead Counsel will move the Court to award attorneys’ fees from the gross Settlement Fund in a total amount not greater than one-third (33 1/3%) of the gross Settlement Fund. Lead Counsel also will move the Court to award reimbursement of its expenses in an amount no greater than $425,000, plus interest, to be paid out of the Settlement Fund. Lead Counsel also intends to request the Court to grant an award to the Lead Plaintiff, in accordance with 15 U.S.C. § 78u-4(a)(4), not to exceed $40,000, as reimbursement for his time and expenses in overseeing the prosecution of this Action, also to be paid out of the Settlement Fund. 

Lead Counsel is authorized by the Stipulation to pay the Claims Administrator’s fees and expenses incurred in connection with giving notice, administering the settlement, and distributing the settlement proceeds to the members of the Settlement Class. The Claims Administrator’s fees and expenses will be paid out of the gross Settlement Fund. The Claims Administrator was selected through a competitive bidding process and multiple bids were reviewed and considered. 

If you are a Settlement Class Member, you can object to the Settlement or any of its terms, the proposed Plan of Allocation, and/or the application by Lead Counsel for an award of fees and expenses. You must write to the Court setting out your objection(s). You should state reasons why you think the Court should not approve any or all of the settlement terms or arrangements. 

You must object in writing by sending a signed letter stating that you object to the proposed settlement in In re Pilgrim’s Pride Corp. Securities Litigation, Civil Action No. 1:16-cv-02611 (D. Colo.). Your objection must include a cover page identifying this case name and number and naming the hearing date of June 17, 2025, at 10:00 a.m. in Courtroom C203 of the Byron G. Rogers United States Courthouse, 1961 Stout Street, Denver, CO 80294. Be sure to include your name, address, telephone number, and signature; identify the date(s), price(s), and number of shares of all purchases and sales of Pilgrim’s securities you made during the Settlement Class Period and state the reasons why you object to the Settlement. Your objection must be received on or before May 27, 2025 to the Court; Kahn Swick & Foti, LLC, on behalf of the Plaintiff; and Counsel for the Defendants at the following addresses: 

COURT: 

Clerk of the Court 

Byron G. Rogers United States Courthouse 

1961 Stout Street 

Denver, CO 80294 

FOR LEAD PLAINTIFF: 

Lewis S. Kahn 

KAHN SWICK & FOTI, LLC 

1100 Poydras Street, Suite 960 

New Orleans, LA 70163 

Lead Counsel for Lead Plaintiff George James Fuller and the Settlement Class 

FOR DEFENDANT PILGRIM’S PRIDE CORPORATION: 

Caroline H. Zalka 

WEIL, GOTSHAL & MANGES LLP 

767 Fifth Avenue 

New York, NY 10153 

Counsel for Defendants Pilgrim’s Pride Corporation 

FOR DEFENDANT WILLIAM LOVETTE:  

John A. Fagg, Jr. 

MOORE & VAN ALLEN PLLC 

100 North Tryon Street, Suite 4700 

Charlotte, NC 28202  

Counsel for Defendant William Lovette 

You do not need to go to the Settlement Hearing to have your written objection considered by the Court. 

At the Settlement Hearing, any Settlement Class Member who has not previously submitted a request for exclusion from the Settlement Class may appear and be heard, to the extent allowed by the Court, to state any objection to the settlement, the Plan of Allocation, or Lead Counsel’s motion for an award of attorneys’ fees and reimbursement of expenses. Any such objector may appear in person or arrange, at that objector’s expense, for a lawyer to represent the objector at the Settlement Hearing. If you or your representative intend to appear in person but have not submitted a written objection received by May 27, 2025, it is recommended that you give advance notice to Lead Counsel and/or counsel for Defendants of your intention to attend the hearing in order to object and the basis for your objection. You may contact them at the addresses provided above. 

Unless the Court orders otherwise, any Settlement Class Member who does not object in the manner described above will be deemed to have waived any objection and shall be forever foreclosed from making any objection to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel’s request for an award of attorneys’ fees and litigation expenses. Settlement Class Members do not need to appear at the hearing or take any other action to indicate their approval. 

Objecting is simply telling the Court that you do not like something about the proposed settlement. You can object only if you remain in the Settlement Class. Excluding yourself is telling the Court that you do not want to be part of the Settlement. If you exclude yourself, you have no basis to object because the Settlement no longer affects you. 

The Court will hold a Settlement Hearing on June 17, 2025, at 10:00 a.m., in Courtroom C203 of the Byron G. Rogers United States Courthouse, 1961 Stout Street, Denver, CO 80294. At this hearing, the Court will consider whether the Settlement is fair, reasonable, and adequate. The Court also will consider the proposed Plan of Allocation for the proceeds of the Settlement and the application of Lead Counsel for attorneys’ fees and reimbursement of expenses at the Settlement Hearing. The Court will take into consideration any written objections mailed in accordance with the instructions in the Notice. The Court also will listen to people who seek to speak at the hearing, but decisions regarding the conduct of the hearing will be made by the Court.  For more information about objecting or speaking at the hearing, see question #11 How do I object to the Settlement? After the hearing, the Court will decide whether to approve the Settlement and how much to pay Lead Counsel. We do not know how long these decisions will take. 

The Court may change the date and time of the Settlement Hearing. The Court may also order the hearing to be held remotely. Thus, if you want to come to the hearing, you should check with Lead Counsel before coming to be sure that the date and/or time has not changed. 

The Notice summarizes the proposed settlement. More details are contained in the Stipulation of Settlement dated January 24, 2025 (the “Stipulation”).  

If you have further questions, you may email us at [email protected], call us at 1-833-876-1572, or write to: 

Pilgrim’s Pride Securities Litigation 

c/o Kroll Settlement Administration 

P.O. Box 225391  

New York, NY 10150-5391 

More detailed information concerning the matters involved in this Action, including the Stipulation and other Settlement-related documents, is available on the Documents tab of this website. You may also inspect the papers filed in the Action at the Office of the Clerk, Byron G. Rogers United States Courthouse, 1961 Stout Street, Denver, CO 80294, during regular business hours. You may also contact Lead Counsel. 

Institutions who wish to file on behalf of others must download the Electronic Filing Template, follow the instructions within, and email it to [email protected].

Note: Electronic files are not considered to have been properly submitted unless the Claims Administrator issues to the filer a written acknowledgment of receipt and acceptance of electronic submission.