Portnoy Law: Lawsuit Filed On Behalf of Pilgrim’s Pride Corporation Investors

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Traders with losses of $1,000,000 or extra are inspired to contact the agency

/EIN Information/ — 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.

Traders 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 affix the case.

Jayson Penn, the chief government officer of Pilgrim’s Delight Corp. (NASDAQ: PPC) charged by U.S. prosecutors of conspiring to repair costs, has begun a paid depart 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.

America Division of Justice has taken motion to guard shoppers from value 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 instances of worldwide disaster, the division stays dedicated to prosecuting crimes meant to boost the costs People pay for meals. Executives who cheat American shoppers, restauranteurs, and grocers, and compromise the integrity of our meals provide, shall be held liable 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 Regulation Agency represents traders in pursuing claims in opposition to attributable to company wrongdoing. The Agency’s founding associate has recovered over $5.5 billion for aggrieved traders. Legal professional promoting. Prior outcomes don’t assure comparable outcomes.

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

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