⁍ The U.S. government has indicted six more chicken-industry executives over alleged price-fixing.
⁍ In June, the Justice Department indicted Pilgrim’s Pride Chief Executive Jayson Penn and three others in its first charges in the criminal probe.
⁍ Pilgrim’s Pride, mostly owned by Brazil-based meatpacker JBS SA, last month said Penn was exiting the company and would be replaced by Chief Financial Officer Fabio Sandri.
– The US government has indicted six more chicken-industry executives over alleged price-fixing, expanding antitrust prosecutions in its probe of the $65 billion poultry sector, according to court documents. In June, the Justice Department indicted Pilgrim’s Pride Chief Executive Jayson Penn and three others in its first charges in the criminal probe involving broiler birds, which account for most US chicken, per Reuters. Court documents filed on Tuesday show that former Pilgrim’s Pride CEO William Lovette has also been indicted. Lovette could not immediately be reached for comment on Wednesday, and a company spokesman did not immediately respond to a request for comment. Pilgrim’s Pride, mostly owned by Brazil-based meatpacker JBS SA, last month said Penn was exiting the company and would be replaced by Chief Financial Officer Fabio Sandri. Penn succeeded Lovette as CEO in 2019. The documents allege that industry executives conspired to fix prices from 2012 through 2019. Also indicted was a sales executive named Timothy Mulrenin, court documents show. Mulrenin, who was hired by Perdue in 2018, worked at Tyson Foods at the time of the allegations outlined against him in court documents, according to the filing and his LinkedIn page. He did not immediately respond to a message sent through LinkedIn.
Source: https://www.reuters.com/article/us-usa-poultry-charges/us-indicts-six-more-chicken-industry-executives-over-alleged-price-fixing-idUSKBN26S31M