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US: Sanderson Farms beats chicken price antitrust suit

 |  December 11, 2019

Sanderson Farms investors can’t revive a would-be securities class action accusing the chicken producer of hiding an illegal antitrust conspiracy because they didn’t provide enough details, the Second Circuit ruled December 10.

The investors alleged that Sanderson and other chicken producers colluded to inflate the price of chicken starting in 2008 and didn’t disclose the conspiracy, making the company’s statements misleading. But they didn’t plead the facts of Sanderson’s “underlying illegal acts” with the particularity necessary for the case to move forward, the US Court of Appeals for the Second Circuit stated.

Full Content: About Law

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