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Monday, May 20, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholders Say Poultry Insiders Dumped $180 Million In Shares At Inflated Prices

MARSHALL, Texas (CN) - Insiders at Pilgrim's Pride poultry dumped $180 million in shares at prices inflated by false and misleading statements, shareholders claim in Federal Court. The class claims corporate insiders sold 7.5 million shares at $24 before revealing the truth about company finances, which sent share price plummeting to $3.84.

Plaintiffs' lead counsel is Hamilton Lindley with the Kendall Law Group of Dallas.

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