(PPC) Alert: Johnson Fistel Investigates Pilgrim’s Pride Following Price Fixing Allegations; Why is CEO Paid to Take Leave of Absence?
SAN DIEGO, June 16, 2020 /GlobeNewswire/ —
Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Pilgrim’s Pride Corporation (“Pilgrim’s” or the “Company”) (NASDAQ: PPC).
On June 3, 2020, it was reported that the chief executive officer of Pilgrim’s, America’s second-biggest chicken producer, was charged by Federal prosecutors with conspiring to fix prices as part of an antitrust investigation of chicken-processing companies.
On this news, the Company’s share price fell over 12% on June 3, 2020.
Then on June 16, 2020, Pilgrim announced that it was giving the CEO an immediate, paid leave of absence.
If you have information that could assist in this investigation, including past employees and others, or if you are a Pilgrim’s shareholder and are interested in learning more about the investigation, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.