Lawsuit Filed On Behalf of Pilgrim’s Pride Corporation Investors

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LOS ANGELES, July 13, 2020 (GLOBE NEWSWIRE) — The Portnoy Legislation Agency advises traders {that a} class motion lawsuit has been filed on behalf of Pilgrim’s Delight Company (“Pilgrim’s Delight” or “the Firm”) (NASDAQ: PPC) traders that acquired securities between February 9, 2017, and June 3, 2020.

Buyers are inspired to contact lawyer Lesley F. Portnoy, to find out eligibility to take part on this motion, by telephone 310-692-8883 or e mail, or click on right here to affix the case.

Jayson Penn, the chief govt officer of Pilgrim’s Delight Corp. (NASDAQ: PPC) charged by U.S. prosecutors of conspiring to repair costs, has begun a paid go away of absence efficient instantly based on a press release by the corporate. A federal indictment, revealed in early June 2020, disclosed proof of Mr. Penn straight discussing the alleged price-fixing with colleagues.

The US Division of Justice has taken motion to guard shoppers from worth fixing, and rising meals costs, issuing a press launch on June 3, 2020 on the matter. Assistant Legal professional Normal Makan Delrahim of the Division of Justice’s Antitrust Division states, “[p]articularly in occasions of world disaster, the division stays dedicated to prosecuting crimes supposed to boost the costs Individuals pay for meals. Executives who cheat American shoppers, restauranteurs, and grocers, and compromise the integrity of our meals provide, shall be held chargeable for their actions.”

The lawsuit alleges that the Firm misled traders in regards to the Firm’s regulatory liabilities, and that the Firm’s actions the truth is positioned the Firm into direct violation of antitrust legal guidelines and uncovered the Firm to extreme regulatory danger.

Please go to our web site to evaluation extra info and submit your transaction info.

The Portnoy Legislation Agency represents traders in pursuing claims towards brought on by company wrongdoing. The Agency’s founding companion has recovered over $5.5 billion for aggrieved traders. Legal professional promoting. Prior outcomes don’t assure related outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

Legal professional Promoting

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