Pilgrim’s Pride shareholders can pursue Moy Park deal suit
DOVER, Del. — A Delaware judge has refused to dismiss a shareholder lawsuit over poultry company Pilgrim’s Pride’s $1.3 billion acquisition of U.K. poultry producer Moy Park, which was a wholly owned subsidiary of Pilgrim’s Pride’s parent company. Friday’s ruling means Pilgrim’s Pride stockholders can pursue their claims against Brazil-based JBS SA, one of the