.png)
If you purchased or otherwise acquired Pilgrim’s Pride Corporation securities (common stock ticker symbol “PPC”) between February 21, 2014, and November 17, 2016, you may qualify to submit a claim for a portion of a class action settlement.
Pilgrim’s Pride Corporation has agreed to pay $41,500,000 to settle a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, including making materially false and misleading statements regarding the competitiveness of the broiler chicken industry and the company's financial performance.
Who is eligible for a Pilgrim's Pride payout?
You purchased or otherwise acquired Pilgrim’s securities between February 21, 2014, and November 17, 2016.
How much is the class action settlement payment?
Pro Rata Cash Payment: Payment amount will be determined by the number of shares purchased, timing of purchases and sales, and the number of claims filed.
How to claim a Pilgrim's Pride payout
To claim an award, you must submit a Proof of Claim by the deadline of May 27, 2025. You can submit a claim online or download and print the PDF claim form to mail to the settlement administrator.
Settlement Administrator Address: Pilgrim’s Pride Securities Litigation, c/o Kroll Settlement Administration, P.O. Box 225391, New York, NY 10150-5391.
Required proof
Yes, claimants need to provide documentation:
- Last four digits of Social Security Number or Taxpayer Identification Number
- Stockbroker’s confirmation slips
- Invoices or statements showing purchase, sale, or retention of Pilgrim’s securities
Payment options
Approved claimants will receive a check mailed to the address provided.
$41.5 Million settlement fund
The settlement fund of $41.5M will cover the following costs and distributions:
- Settlement administration costs: To be determined
- Attorneys' fees: Up to $13,833,333
- Attorneys' expenses: Not to exceed $425,000
- Service awards to the Lead Plaintiff: Up to $40,000
- Payments to approved claimants: Remaining balance after deductions
Important dates
- Fairness Hearing: June 17, 2025
- Deadline to File a Claim: May 27, 2025
When is the Pilgrim’s Pride Securities settlement payout date?
The Court will hold a Settlement Hearing on June 17, 2025, to decide whether to approve the Settlement. Once approved, the settlement administrator will issue payments to class members with valid claims.
Why was there a class action settlement?
The lawsuit alleged that Pilgrim’s Pride Corporation and certain officers made false and misleading statements about the competitiveness of the broiler chicken industry, which artificially inflated the price of Pilgrim’s stock. The parties settled to avoid continued litigation.
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.svg)
Comments