#United States #Denver #securities litigation #Settlement Agreement #Pilgrim's Pride

Proposed Settlement in Pilgrim's Pride Securities Litigation

A significant development has emerged in the ongoing securities litigation case concerning Pilgrim's Pride Corporation. A proposed settlement has been reached that aims to address the claims made by individuals and entities who acquired securities of the company during a specific time frame. This period spans from February 21, 2014, to November 17, 2016.

The settlement, which amounts to $41.5 million, is now awaiting approval from the United States District Court for the District of Colorado. This proposed agreement was disclosed by Kroll Settlement Administration, which is overseeing the administrative aspects of the settlement case.

The scheduled hearing for the settlement approval is slated for June 17, 2025, at 10:00 a.m. in Denver, Colorado. The presiding judge, R. Brooke Jackson, will review whether the settlement is fair, reasonable, and adequate. Additionally, the court will consider a plan for how the settlement funds will be allocated among the qualifying claimants.

Who is Affected?

Individuals and entities that purchased or otherwise acquired Pilgrim's Pride Corporation securities within the specified dates are considered part of the settlement class. This encompasses anyone who holds or previously held stock shares associated with the ticker symbol “PPC” within that timeframe. Owners of these securities may want to pay close attention to this case as it gets closer to the court hearing date.

Kroll Settlement Administration has been tasked with providing further information regarding the settlement and the necessary steps claimants must undertake to potentially benefit from the proposed payout. Detailed instructions on how to claim, exclude oneself from the settlement, or object are provided on an official website dedicated to the case.

To receive funds from the settlement, affected parties must file a Proof of Claim and Release, which can be done electronically or via mail, with a deadline set for May 27, 2025. If you are part of the settlement class and do not submit this claim, you will not be eligible to receive any disbursement from the settlement funds.

Important Dates and Actions

• - Deadline for Proof of Claim Submission: May 27, 2025
• - Exclusion Request Deadline: May 27, 2025
• - Settlement Hearing Date: June 17, 2025

It is crucial for class members to be aware that if they choose to opt-out of the settlement, they must do so formally, following the specific guidelines laid out in the notice. Anyone considering this option should be mindful of possible limitations on their ability to seek individual claims later.

For those wishing to challenge the proposed settlement or raise any objections, there is a requirement to submit written comments by the same deadline. This notice has been designed to ensure that all potential claimants are kept informed and understand their rights regarding the settlement agreement.

In summary, the proposed settlement in the Pilgrim's Pride securities litigation is a critical update for anyone who has invested in the company during 2014-2016. Stakeholders should stay informed and act promptly to ensure their claims are processed in accordance with the court's directives. For more information regarding this settlement or to access necessary forms, visit the dedicated webpage or reach out to [email protected].

An initiative of such magnitude reflects the ongoing journey of shareholders to recover losses stemming from corporate actions, underscoring the importance of investor rights within the financial landscape.