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Execs indicted in poultry price fixing

Execs indicted in poultry price fixing
arkansasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasonline.com Daily Mail and Mail on Sunday newspapers.

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Pilgrim's Pride Corporation (PPC) Q2 2021 Earnings Call Transcript

Operator
Good morning, and welcome to the Second Quarter 2021 Pilgrim s Pride Earnings Conference Call and Webcast. [Operator Instructions]. At the company s request, this call is being recorded. Please note that the slides referenced during today s call are available for download from the company s investor website at ir.pilgrims.com in the Events and Presentations section. [Operator Instructions]. I would now like to turn the conference to Julie Kegley of Financial Profiles for Pilgrim s Pride. Thank you, and over to you.
Julie Kegley
Good morning, and thank you for joining us today as we review our operating and financial results for the second quarter ended June 27, 2021. Yesterday afternoon, we issued a press release providing an overview of our financial performance for the quarter, including a reconciliation of any non-GAAP measures we may discuss. A copy of the release is available on our website at ir.pilgrims.com, along with slides for reference. These items ....

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Sunburn — The morning read of what's hot in Florida politics — 7.30.21

Sunburn — The morning read of what's hot in Florida politics — 7.30.21
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Pilgrim's Pride exceeds Wall Street expectations, grows sales – BizWest

Pilgrim's Pride exceeds Wall Street expectations, grows sales – BizWest
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Pilgrim's Pride Files Motion to Dismiss in Class Action Lawsuit Alleging Securities Fraud

Agriculture
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Pilgrimâs 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 Pilgrimâs Prideâs stock prices.
The defendants first took aim at the plaintiffsâ claim that âstatements [Pilgrimâs made] concerning its performance were false and misleadingâ by noting that âanticompetitive conduct in the plea agreement involved three contracts with a single customer that impacted $361 million of salesâ and that âless than 1% of its sales does not support Plaintiffsâ unspecified, broad-brush assertion that an antitrust conspiracy constituted the âtrueâ driver of all of the Companyâs financial performa ....

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