Portnoy Law: Lawsuit Filed On Behalf of Pilgrim’s Pride Corporation Investors | 2020-07-13 | Press Releases

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LOS ANGELES, July 13, 2020 (GLOBE NEWSWIRE) — ​The Portnoy Regulation 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 cellphone 310-692-8883 or electronic mail, or click on right here to hitch 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 in response to an announcement by the corporate. A federal indictment, revealed in early June 2020, disclosed proof of Mr. Penn immediately discussing the alleged price-fixing with colleagues.

The US Division of Justice has taken motion to guard customers 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 meant to lift the costs People pay for meals. Executives who cheat American customers, restauranteurs, and grocers, and compromise the integrity of our meals provide, will likely be held accountable 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 evaluate extra data and submit your transaction data.

The Portnoy Regulation Agency represents traders in pursuing claims in opposition to brought on by company wrongdoing. The Agency’s founding accomplice 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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