U.S. moves to dismiss price-fixing case against two former Pilgrim's Pride execs

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The U.S. Justice Department on Sunday moved to dismiss an antitrust indictment against two former Pilgrim's Pride Corp executives who were the remaining defendants in a conspiracy prosecution that has failed to secure any convictions.

. The defendants who were acquitted then included former Pilgrims Pride chief executives William Lovett and Jayson Penn.

The government said it was moving to dismiss the case against McGuire and Stiller after Domenico on Oct. 14 "effectively" limited the evidence that jurors would be allowed to hear at an upcoming Oct. 31 trial. Domenico said in his ruling that the Justice Department "has not met its burden of demonstrating a price-fixing or bid-rigging conspiracy by a preponderance of the evidence." Prosecutors said the order "departs from prior rulings in the district concerning the same conspiracy."

The government asked Domenico to dismiss the indictment against McGuire and Stiller "without prejudice," which would give the U.S. an opportunity to try to bring a new case.Domenico in a separate order last week denied a bid from McGuire and Stiller to dismiss the case. Still, the judge said in his order that "the government's evidence in this case has been far from convincing.

Pilgrim's Pride agreed to pay a $110.5 million fine in 2020 after pleading guilty to the Justice Department's price-fixing charges.Reporting by Mike Scarcella; Editing by Chizu Nomiyama

 

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