Settlement

Pilgrims Pride Corporation

Nasdaq: PPC

Settlement Reached in Pilgrims Pride Derivative Litigation

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In re Pilgrim’s Pride Corporation Derivative Litigation, Consol. C.A. No. 2018-0058-JTL (Del. Ch.) is a stockholder derivative action arising from the acquisition by Pilgrim’s Pride Corporation of Moy Park from its controlling stockholders JBS S.A. and JBS USA Holdings Lux S.á r.l. Block & Leviton is co-lead counsel to stockholder plaintiffs who assert derivative breach of fiduciary duty claims against the JBS entities and certain current and former members of the Pilgrim’s Pride Board of Directors.

The parties have agreed to a resolution of the action, pending approval by the Court. The Complaint, Stipulation of Settlement, and Notice are available below.

Key Documents

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