Bankruptcy judge approves Pilgrim's Pride exit plan

Dec 10, 2009 | Posted by: roboblogger | Full story: The Dallas Morning News

A U.S. bankruptcy judge in Fort Worth on Thursday approved the exit plan for Pilgrim's Pride Corp., clearing the way for the poultry processor to become part of a giant Brazilian beef company.

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Ex Grower

Cape Coral, FL

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#85
Nov 12, 2010
 
It may be all for nought, but I will hold on til my last breath just to be a thorn in their side. I need the money but I can live without it. Right is right and I know that the growers are RIGHT. But if Bo and his henchmen can sleep at night, so what. I sleep real good because I do not have a quilty concious. If they don't, they should have. But I just wonder how the people in Mt. Pleasant and area can still defend them. Oh Well, I hope you can sleep too.

Since: Aug 10

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#86
Nov 13, 2010
 

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Ramses wrote:
<quoted text>
A well known lawyer told me a long time ago that it is not whether you are right or wrong, but whomever has the most money that will win a lawsuit. Motion of continuance and other proceedings can be filed to stall off actions, until the other side crumbles. Bo still has many millions upon millions, so I would say that all this if for not. Any business goes wherever the city will give them the most tax breaks, etc. This is still America and we are still a capitalistic society. Obama and socialism are on the way out now, thank God. Best wishes for you all, but I would not hold my breath on looking to get a big payout. It's all just business. Someone always wins and the other party loses. He whom has the gold makes the rules or rather can have the rules bent as needed.
It does not matter to me, how many high priced lawyers, they hire, or how long it takes to bring them to justice. If no one stands up to these mega ag integrators, they will continue to squash, and terriorise the farmers, and all they chose to. We will continue to fight, to expose their abuses, and terrior tactics, as long as it takes. If I die, my children will take up the cause. This initially was brought to a head, by the flagrant abuses, of Pilgrims Pride, but it goes far beyond Pilgrims Pride. It has now become a cause, and the cause is just. We fight for fairness, for decency, for an end to mega ag terriorism of the smaller poultry farmers. We have only just begun to fight.
Business Owner

Mount Pleasant, TX

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#87
Nov 13, 2010
 

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bankruptfarmer wrote:
<quoted text> It does not matter to me, how many high priced lawyers, they hire, or how long it takes to bring them to justice. If no one stands up to these mega ag integrators, they will continue to squash, and terriorise the farmers, and all they chose to. We will continue to fight, to expose their abuses, and terrior tactics, as long as it takes. If I die, my children will take up the cause. This initially was brought to a head, by the flagrant abuses, of Pilgrims Pride, but it goes far beyond Pilgrims Pride. It has now become a cause, and the cause is just. We fight for fairness, for decency, for an end to mega ag terriorism of the smaller poultry farmers. We have only just begun to fight.
You guys seem to miss the point that Pilgrim's had to make cut backs. They decided to expand and things did not work out. It's sad that you got caught in all of this, but it is no different then a large company laying off people when business goes south, for whatever reasons. Pilgrims is not a terrorist. I can't believe you try to put them in the same category. Alot of companies have expanded and done well and alot have done badly. Unfortunately Pilgrims could not foresee the increases in fuel, feed, chicken prices decreasing, etc. that caused them to have to cut back. Pilgrim's does not owe its employees, poultry producers, etc. anything other than what they were hired for or contracted for. With the bankruptcy, anything contracted went out the window, so good luck in suing, if you are you are wasting your time. As with you, once you file bankruptcy your creditors are just SOL. I own a business and when I receive bankruptcy notices on customers, I just have to write-off the account as trying to pursue it would be a waste of time and any good lawyer would tell you this. Carry on the fight. I wish you luck if you had a chance, but common sense would tell you that you have you are wasting you time. Any lawyer that would attempt to assist you on such a matter is just reaching into your pocket for whatever you can give him. It's time to chalk this up as a loss/learning lesson and to start over.
old chicken farmer

Tumbling Shoals, AR

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#88
Nov 13, 2010
 

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The case involving the independent growers was taken out from under bankruptcy proceedings and moved to Federal District Court. This was a huge step in favor of the growers. All the preliminaries have been addressed and a court date of June 11, 2011 has been set. In the meantime, the presiding judge ORDERED Pilgrim's Pride into mediation with the growers in an attempt to reach some negotiated settlement. These are the facts. The underlying premise for the growers case is the fact that Pilgrim's Pride broke the law in their attempt to price fix. Ray Atchinson, spokesman for Pilgrim's Pride, was quoated several times in numerous newpapers as saying that they were not interested in selling the shut down plants because that would not achieve their desired results of eliminating poultry from the market in order to increase the price. It is called price fixing and is in clear violation of the PSA. It is futher evidence of the monopolistic attitude being display by all the major poultry integrators.
BusinessOwner

Mount Pleasant, TX

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#89
Nov 14, 2010
 
old chicken farmer wrote:
The case involving the independent growers was taken out from under bankruptcy proceedings and moved to Federal District Court. This was a huge step in favor of the growers. All the preliminaries have been addressed and a court date of June 11, 2011 has been set. In the meantime, the presiding judge ORDERED Pilgrim's Pride into mediation with the growers in an attempt to reach some negotiated settlement. These are the facts. The underlying premise for the growers case is the fact that Pilgrim's Pride broke the law in their attempt to price fix. Ray Atchinson, spokesman for Pilgrim's Pride, was quoated several times in numerous newpapers as saying that they were not interested in selling the shut down plants because that would not achieve their desired results of eliminating poultry from the market in order to increase the price. It is called price fixing and is in clear violation of the PSA. It is futher evidence of the monopolistic attitude being display by all the major poultry integrators.
Well, good luck, I do not wish ill on anyone, but any business person in the same perdecament as Pilgrim's would have probably done similar things. I have also learned that everything is not as it seems looking from the outside in. Things get twisted by the press and public in the news. I've watched the press publish too many false stories on who said what and where to the detriment of businesses. It's hard times for everyone.

Since: Aug 10

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#90
Nov 14, 2010
 
Business Owner wrote:
<quoted text>
You guys seem to miss the point that Pilgrim's had to make cut backs. They decided to expand and things did not work out. It's sad that you got caught in all of this, but it is no different then a large company laying off people when business goes south, for whatever reasons. Pilgrims is not a terrorist. I can't believe you try to put them in the same category. Alot of companies have expanded and done well and alot have done badly. Unfortunately Pilgrims could not foresee the increases in fuel, feed, chicken prices decreasing, etc. that caused them to have to cut back. Pilgrim's does not owe its employees, poultry producers, etc. anything other than what they were hired for or contracted for. With the bankruptcy, anything contracted went out the window, so good luck in suing, if you are you are wasting your time. As with you, once you file bankruptcy your creditors are just SOL. I own a business and when I receive bankruptcy notices on customers, I just have to write-off the account as trying to pursue it would be a waste of time and any good lawyer would tell you this. Carry on the fight. I wish you luck if you had a chance, but common sense would tell you that you have you are wasting you time. Any lawyer that would attempt to assist you on such a matter is just reaching into your pocket for whatever you can give him. It's time to chalk this up as a loss/learning lesson and to start over.
I know that you think that you are right, but in this case you are not. A Judge has ruled that there is enough evidence that Pilgrims Pride defrauded the growers, that it survived bankruptsy proceedings. We know from a personal standpoint, that you as a non-farmer cannot, that Pilgrims and other integrators use terrior tactics as a common tool to keep farmers down. As you are totally ignorant of all these facts that we have, and know, I can dismiss your statements, you just don't know the whole story, but it will come out in trial. Hope you like the shoe leather from your own foot, but I wouldn't count on it tasting very well.

Since: Aug 10

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#91
Nov 14, 2010
 
BusinessOwner wrote:
<quoted text>
Well, good luck, I do not wish ill on anyone, but any business person in the same perdecament as Pilgrim's would have probably done similar things. I have also learned that everything is not as it seems looking from the outside in. Things get twisted by the press and public in the news. I've watched the press publish too many false stories on who said what and where to the detriment of businesses. It's hard times for everyone.
It is a hard time for everyone. But when a company intentionally does something that they know will destroy, another persons lively hood, then they violate that persons constitutional rights. What was done to the farmers, was intentional, deliberate, and premeditated. Pilgrims Pride own internal documents prove this out. All will come out in court, as Pilgrims Pride is just playing games with the court orders, on the mediation process. All that they are proving is their contempt of this courts ruling.

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