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CORRECTED-Tyson Foods says it clears SEC probe on alleged chicken pricing (Aug. 25)
August 25, 2017 / 2:24 PM / a month ago

CORRECTED-Tyson Foods says it clears SEC probe on alleged chicken pricing (Aug. 25)

(In paragraph 3 of Aug. 25 story, corrects to remove reference to Pilgrim’s Pride and Sanderson Farms receiving subpoenas from the SEC)

Aug 25 (Reuters) - Meat processor Tyson Foods Inc said U.S regulators have not recommended any enforcement action after they concluded a probe related to allegations the company fixed chicken prices along with its peers for years.

The No. 1 U.S. meat processor and a handful of other large meat companies have been accused of antitrust violations relating to the pricing, production of broiler chicken and compensation to farmers.

Tyson received a subpoena from the U.S. Securities and Exchange Commission on Jan. 20 after U.S. poultry buyers filed a lawsuit last year. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Maju Samuel)

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