Securities Suit Dismissed For Failure To Plead Underlying Antitrust Conspiracy

(March 16, 2018, 12:27 PM EDT) -- DENVER — A lead plaintiff in a securities class action failed to plead with particularity the existence of an underlying antitrust conspiracy to support its claim that a broiler chicken producer and others violated federal securities laws by concealing their involvement in an illegal price-fixing scheme, a federal judge in Colorado ruled March 14 in granting the defendants’ motion to dismiss for failure to plead falsity (Patrick Hogan v. Pilgrim’s Pride Corp., et al., No. 16-2611, D. Colo., 2018 U.S. Dist. LEXIS 41909)....

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