Robbins arroyo llp is investigating the officers and directors of pilgrim's pride corporation (ppc) on behalf of shareholders

San diego & greeley, colo.--(business wire)--shareholder rights law firm robbins arroyo llp is investigating whether certain officers and directors of pilgrim's pride corporation (nasdaqgs: ppc) breached their fiduciary duties to shareholders. pilgrim's pride processes, markets, and distributes chicken products to retailers, distributors, and foodservice operators in the united states, mexico, and puerto rico. view this press release on the law firm's shareholder rights blog: www.robbinsarroyo.com/shareholders-rights-blog/pilgrims-pride-corporation pilgrim's pride antitrust class action survives motion to dismiss on november 20, 2017, an illinois federal judge ruled that pilgrim's pride must face most claims in a major antitrust lawsuit filed against the company by food distributor maplevale farms, inc. in the u.s. district court for the northern district of illinois. the complaint alleges that pilgrim's pride and several other companies have conspired since 2008 to manipulate the prices of broiler chickens by coordinating and limiting production and exchanging detailed information about prices, capacity, and sales volume in violation of the sherman act. the complaint also accuses the companies of colluding to keep the price of broiler chickens artificially high by exporting hatching eggs to mexico and other foreign countries to reduce the supply of broiler chickens in the u.s. pilgrim's pride's unlawful conspiracy has subjected the company to significant liability under the antitrust laws. pilgrim's pride shareholders have legal options concerned shareholders who would like more information about their rights and potential remedies can contact attorney leonid kandinov at (800) 350-6003, lkandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website. robbins arroyo llp is a nationally recognized leader in shareholder rights law. the firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. attorney advertising. past results do not guarantee a similar outcome.
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