Updates regarding cancellation of 7-Eleven's acquisition of Speedway gas stations, Huntington Bancshares Inc's proposed acquisition of TCF bank, and indictment of Claxton Poultry for attempts to fix prices, recent antitrust litigation, COFECE updates from Mexio, and more.
The Sprout: JBS says it paid $13-million ransom after cyberattack ipolitics.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipolitics.ca Daily Mail and Mail on Sunday newspapers.
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The Justice Department’s criminal prosecution of the chicken producing industry took another significant turn. Step-by-step, the Antitrust Division is building a large and comprehensive criminal prosecution of a significant cartel.
Claxton Poultry Farms refused to plead guilty and cooperate in the Antitrust Division’s sprawling criminal prosecution. Instead, Claxton Poultry Farms became the second producer to be charged and the first to be indicted rather than negotiate a deal. Claxton Poultry Farms faces an uphill climb to escaping these charges. Corporations have a poor record of vindication, especially when prosecutors have indicted senior managers from Claxton Poultry Farms and charged them individually with participating in the same criminal conspiracy.
Broiler Chicken Producer Indicted for Price Fixing and Bid Rigging imperialvalleynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imperialvalleynews.com Daily Mail and Mail on Sunday newspapers.
AllOnGeorgia
May 20, 2021
A federal grand jury in Denver, Colorado, returned an indictment charging Norman W. Fries Inc., dba Claxton Poultry Farms (Claxton), headquartered in Claxton, Georgia, with participating in a nationwide conspiracy to fix prices and rig bids for broiler chicken products.
According to court documents, from at least as early as 2012 until at least 2019, Claxton and co-conspirators, including current President Mikell Fries and current Vice President Scott Brady, conspired to suppress and eliminate competition for sales of broiler chicken products, which are raised for human consumption and sold to grocers and restaurants. Fries and Brady are among 10 individuals charged in a superseding indictment in October 2020 for their roles in the conspiracy. Pilgrim’s Pride Corporation, a major broiler chicken producer based in Greeley, Colorado, pleaded guilty and was sentenced in February 2021 to pay a criminal fine over $107 million for its role in the conspira