Settlement Reached for Pilgrim's Pride Securities Lawsuit Affecting Investors

Important Settlement Announced for Pilgrim's Pride Corporation Securities

A momentous announcement was made on March 3, 2025, regarding a proposed settlement arising from class-action litigation against Pilgrim's Pride Corporation, a prominent poultry producer trading under the ticker symbol 'PPC'. This settlement directly affects every individual and organization that acquired the company's securities from February 21, 2014, to November 17, 2016. The announcement was issued by Kroll Settlement Administration in connection with the ongoing legal case, In re Pilgrim's Pride Corporation Securities Litigation, being processed in the U.S. District Court for the District of Colorado.

What the Settlement Entails

The proposed settlement aims to resolve claims involving Pilgrim's Pride that could amount to an impressive $41.5 million in cash. The final decision on whether to approve this settlement will take place during a court hearing scheduled for June 17, 2025, at 10:00 a.m. in Courtroom C203 of the Byron G. Rogers United States Courthouse located in Denver, Colorado. During this session, the court will review several key aspects:

1. Settlement Approval: Determining if the proposed settlement is fair, reasonable, and adequate.
2. Dismissal of Action: Considering if the action should be dismissed with prejudice based on the stipulations set forth in the settlement agreement.
3. Plan of Allocation: Analyzing whether the distribution plan of the settlement is equitable.
4. Counsel Fees: Evaluating the application for attorneys' fees and reimbursement of incurred expenses related to the case.

Impact on Stakeholders

Investors who purchased Pilgrim's Pride securities during the specified timeframe should be acutely aware that their rights may be significantly influenced by the merits of the settlement. Investors are encouraged to explore the intricacies of this settlement and their eligibility for claims by visiting Pilgrim's Pride Securities Litigation's official website. This platform will provide access to necessary legal documents, including the Notice of Pendency and Proof of Claim forms.

Furthermore, if you are interested in participating in this settlement, it is paramount to submit a Proof of Claim and Release electronically by May 27, 2025, or by mailing it, ensuring it is postmarked no later than this deadline.

Exclusion and Objection Rights

For those considering exclusion from the settlement class, requests must also be submitted by the same date, May 27, 2025, following the guidelines explained in the detailed notice. It is vital for potential exclusion applicants to understand that pursuing their own individual actions may limit their rights due to pertinent statutes of limitations.

Participants wishing to express objections regarding the settlement must address their concerns to Lead Counsel Kahn Swick & Foti, LLC, as well as the counsel representing Pilgrim's Pride Corporation. Mailings for objections should reach the respective leads before the stipulated date of May 27, 2025.

Conclusion

As the court date approaches, those affected are urged to review the settlement details closely. The outcome could initiate a key step toward compensating investors tied to Pilgrim's Pride, a decision that holds considerable significance for participants in the broader investment landscape. Updates and any further developments will be closely monitored as the hearing date nears, and stakeholders are encouraged to stay informed.