PHILADELPHIA, March 3, 2025 /PRNewswire/ — The following statement is being issued by Kroll Settlement Administration regarding In re Pilgrim’s Pride Corporation Securities Litigation, No. 1:16-Cv-02611-RBJ pending in the United States District Court for the District of Colorado.
The proposed Settlement affects all persons and entities who purchased or otherwise acquired Pilgrim’s Pride Corporation securities (common stock ticker symbol “PPC”) between February 21, 2014, and November 17, 2016.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of Colorado, that a hearing will be held on June 17, 2025 at 10:00 a.m., before the Honorable R. Brooke Jackson in Courtroom C203 of the Byron G. Rogers United States Courthouse, 1961 Stout Street, Denver, CO 80294, for the purpose of determining: (1) whether the proposed Settlement for $41,500,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, after the hearing, this Action should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation and Agreement of Settlement dated as of January 24, 2025; (3) whether the proposed Plan of Allocation is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys’ fees and reimbursement of expenses incurred in this Action should be approved.
If you purchased Pilgrim’s Pride Corporation (“Pilgrim’s”) securities between February 21, 2014 and November 17, 2016, inclusive, your rights may be affected by the Settlement of this Action. Please visit the website at www.PilgrimsPrideSecuritiesLitigation.com to obtain copies of the Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and the Proof of Claim and Release. You may also obtain copies of these documents by emailing [email protected], or writing to Pilgrim’s Pride Securities Litigation, c/o Kroll Settlement Administration, P.O. Box 225391, New York, NY 10150-5391, or by calling the Claims Administrator at 1-833-876-1572. The Notice contains details about this Action and Settlement, including what you must do to file a Proof of Claim, exclude yourself from the Settlement, or object to the Settlement. If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release electronically by May 27, 2025, or mail it postmarked no later than, May 27, 2025, establishing that you are entitled to recovery.
If you desire to be excluded from the Settlement Class, you must submit a Request for Exclusion received by May 27, 2025, in the manner and form explained in the detailed Notice referred to above. All Settlement Class Members who have not timely and validly requested exclusion from the Class will be bound by any judgment entered in the Action pursuant to the terms and conditions of the Stipulation of Settlement. Please note that if you exclude yourself from the Settlement Class and decide to pursue your own action individually, you may not be able to pursue certain claims due to the expiration of certain applicable statutes of limitations or statutes of repose. Your objection(s) must be mailed on or before May 27, 2025, to: Lead Counsel Kahn Swick & Foti, LLC, and Counsel for the Defendants at the following addresses:
LEAD COUNSEL:
Lewis S. Kahn
KAHN SWICK & FOTI, LLC
1100 Poydras Street, Suite 960
New Orleans, LA 70163
Lead Counsel for Lead Plaintiff George James Fuller and the Settlement Class
FOR DEFENDANT PILGRIM’S PRIDE CORPORATION:
Caroline H. Zalka
WEIL, GOTSHAL & MANGES LLP
767 Fifth Avenue
New York, NY 10153
Counsel for Defendants Pilgrim’s Pride Corporation
FOR DEFENDANT WILLIAM LOVETTE:
John A. Fagg, Jr.
MOORE & VAN ALLEN PLLC
100 North Tryon Street, Suite 4700
Charlotte, NC 28202
Counsel for Defendant William Lovette
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact Lead Counsel at the address listed above.
DATED: FEBRUARY 5, 2025
THE HONORABLE R. BROOKE JACKSON
UNITED STATES DISTRICT COURT
DISTRICT OF COLORADO
SOURCE Kroll Settlement Administration
