New York, New York--(Newsfile Corp. - June 19, 2020) - Levi & Korsinsky notifies investors that it has commenced an investigation of Pilgrim's Pride Corporation (NASDAQ: PPC) ("Pilgrim's" or "the Company") concerning possible violations of federal securities laws.
News on June 3, 2020 revealed that a federal grand jury in the U.S. District Court in Denver, Colorado had indicted Pilgrim's Chief Executive Officer, Jayson Penn, and three other executives for price fixing and rigging bids in the chicken industry.
Then, on June 14, 2020, Pilgrim's Pride Corporation announced that Mr. Penn had begun a leave of absence "to focus on his defense of the recently disclosed indictment against him, to which he has pleaded not guilty." Despite the precipitous drop in Pilgrim's stock price drop following news of the indictment, Mr. Penn will be paid during his leave.
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or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
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