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Agriculture your username 10 hours ago Pilgrim’s Pride Corporation filed three motions to dismiss, for the corporation and CFO Fabio Sandri, former CEO William Lovette, and current CEO Jayson Penn, in the District of Colorado on Monday after shareholders alleged violations of the Exchange Act. The class action lawsuit claimed that a price-fixing conspiracy led to a sharp downturn in Pilgrim’s Pride’s stock prices. The defendants first took aim at the plaintiffs’ claim that “statements [Pilgrim’s made] concerning its performance were false and misleading” by noting that “anticompetitive conduct in the plea agreement involved three contracts with a single customer that impacted $361 million of sales” and that “less than 1% of its sales does not support Plaintiffs’ unspecified, broad-brush assertion that an antitrust conspiracy constituted the “true” driver of all of the Company’s financial performance during the

United statesWilliam lovetteMoore van allenJayson pennFabio sandriOmelveny myersLewis roca rothgerber christiePilgrim pride corporationGotshal mangesDavis graham stubbsPride corporationClass periodPrivate securities litigation reform actExchange actVan allenDavis graham