In this file:

 

·         Walmart against monopolies: The retail giant is filing a price-fixing lawsuit against a shady Brazilian meatpacker

... In late May, Walmart filed an antitrust lawsuit against over a dozen poultry producers, including Pilgrim's Pride, a subsidiary of the Brazilian-owned meatpacking conglomerate, JBS USA. The company is currently receiving over $64 million as part of the agriculture bailout while its parent company, J&F Investimentos, is reportedly under investigation by the Department of Justice and Securities and Exchange Commission...

 

·         JBS close to completing internal investigation on corruption

... over 200 people and companies, including cattle suppliers, have been blocked from doing business with JBS, and “several” others are facing due diligence procedures as a result of stricter controls and background checking...

 

 

Walmart against monopolies: The retail giant is filing a price-fixing lawsuit against a shady Brazilian meatpacker

 

by Siraj Hashmi, Opinion, Washington Examiner

June 05, 2019

 

In late May, Walmart filed an antitrust lawsuit against over a dozen poultry producers, including Pilgrim's Pride, a subsidiary of the Brazilian-owned meatpacking conglomerate, JBS USA. The company is currently receiving over $64 million as part of the agriculture bailout while its parent company, J&F Investimentos, is reportedly under investigation by the Department of Justice and Securities and Exchange Commission.

 

The lawsuit alleges that Pilgrim's Pride, headquartered in Greeley, Colo., participated in a conspiracy to manipulate the prices of chicken meat by "coordinating their output and reducing the supply of broiler chickens into the market" creating a "supra-competitive" environment. According to court documents, chicken suppliers destroyed breeder hens to reduce supply, resulting in a 50% price hike in wholesale chicken between 2008 to 2016.

 

JBS USA purchased a majority stake in Pilgrim's Pride in September 2009.

 

In April, Kraft, Conagra, and Nestle filed a lawsuit against a number of poultry producers, including Pilgrim's Pride, for price-fixing as well. In February, Pilgrim's Pride was sued by two watchdog groups for false marketing practices, alleging they advertised foods as "natural," "organic," or "humane" while raising chickens in crowded, unsanitary warehouses where they were abused by their employees.

 

The New York Daily News reported in May that JBS USA not only has been bringing in millions of taxpayer dollars, but also has been fined for underpaying farmers for livestock since early 2017 in addition to announcing at least five recalls for tainted meat with contaminants such as E. coli or salmonella bacteria.

 

Last week, nine Democratic senators co-signed a letter urging Agriculture Secretary Sonny Perdue to keep commodity purchases for American farmers only and "not the business interests of foreign corporations." The letter also stated that it is "unacceptable that American taxpayers have been subsidizing our competitors through trade assistance."

 

The lawsuit adds just another legal episode for the troubled billionaire Batista brothers...

 

more, including links

https://www.washingtonexaminer.com/opinion/walmart-against-monopolies-the-retail-giant-is-filing-a-price-fixing-lawsuit-against-a-shady-brazilian-meatpacker

 

 

JBS close to completing internal investigation on corruption

 

Source: Bloomberg

via International Leather Marker - 06 June, 2019

 

The Brazilian meatpacker is said to be close to completing an internal investigation that may give the Public Prosecutor more evidence of wrongdoing in the wake of the leniency agreement signed by the Company.

 

JBS could present in September the results of an independent probe that has allegedly collected about 220 terabytes of data from mobile phones and computer, as well as testimony from more than 600 people, according to Emir Calluf Filho, Legal and Compliance Director at parent holding J&F Investimentos.

 

The meatpacker’s corruption scandal broke out in the first half of 2017, resulting in the arrest of Joesley Batista, owner of JBS, and other executives. J&F had agreed to pay R$10.3 billion (US$2.66 billion) as part of a leniency deal to protect JBS and other businesses from charges. It also committed to work with third-party forensic firms to scrutinise past transactions while implementing a compliance programme to avoid new illicit acts.

 

According to Calluf, over 200 people and companies, including cattle suppliers, have been blocked from doing business with JBS, and “several” others are facing due diligence procedures as a result of stricter controls and background checking...

 

more

http://internationalleathermaker.com/news/fullstory.php/aid/6995/JBS_close_to_completing_internal_investigation_on_corruption.html