The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Pilgrim's Pride Corporation (NASDAQ: PPC) who purchased shares between February 9, 2017 and June 3, 2020. The action, which was filed in the United States District Court for the District of Colorado, alleges that the Company violated federal securities laws.
In particular, the Pilgrim's lawsuit alleges that (1) the Company and its executives had participated in an illegal antitrust conspiracy to fix prices and rig bids from at least as early as 2012 and continuing through at least early 2017; (2) the Company received competitive advantages, which persisted during the Class Period, from its anticompetitive conduct; and (3) as a result, Defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis.
Shareholders have until September 4, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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