6 more poultry-industry executives indicted over alleged price-fixing

The US government has indicted six more chicken-industry executives over alleged price-fixing in the $65-billion poultry sector, making a bolder antitrust prosecution strategy.
calendar icon 8 October 2020
clock icon 3 minute read

"Executives who choose collusion over competition will be held to account for schemes that cheat consumers and corrupt our competitive markets," Makan Delrahim, chief of the Justice Department's Antitrust Division, said in a statement on 7 October.

Penn, who succeeded Lovette as CEO in 2019, has pleaded not guilty.

Pilgrim's Pride, mostly owned by Brazil-based meatpacker JBS SA, last month said Penn left the company and was replaced as CEO by Chief Financial Officer Fabio Sandri.

The court documents allege industry executives conspired to fix chicken prices from 2012 through 2019.

Also indicted was sales executive Timothy Mulrenin.

Mulrenin, who was hired by Perdue Farms 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.

Perdue declined to comment.

Tyson in June said it was cooperating with the Justice Department's investigation under a corporate leniency programme that could protect the company from criminal prosecution.

The latest indictment does not affect Tyson's status in its leniency application, spokesman Gary Mickelson said.

Read more about this story here.

"Executives who choose collusion over competition will be held to account for schemes that cheat consumers and corrupt our competitive markets," Makan Delrahim, chief of the Justice Department's Antitrust Division, said in a statement on 7 October.

Penn, who succeeded Lovette as CEO in 2019, has pleaded not guilty.

Pilgrim's Pride, mostly owned by Brazil-based meatpacker JBS SA, last month said Penn left the company and was replaced as CEO by Chief Financial Officer Fabio Sandri.

The court documents allege industry executives conspired to fix chicken prices from 2012 through 2019.

Also indicted was sales executive Timothy Mulrenin.

Mulrenin, who was hired by Perdue Farms 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.

Perdue declined to comment.

Tyson in June said it was cooperating with the Justice Department's investigation under a corporate leniency programme that could protect the company from criminal prosecution.

The latest indictment does not affect Tyson's status in its leniency application, spokesman Gary Mickelson said.

Read more about this story here.

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