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IN RE PILGRIM'S PRIDE CORPORATION DERIVATIVE LITIGATION

Consol. C.A. No. 2018-0058-JTL.

IN RE PILGRIM'S PRIDE CORPORATION DERIVATIVE LITIGATION.

Court of Chancery of Delaware.

Decided: March 15, 2019.

Attorney(s) appearing for the Case

Kurt M. Heyman , Melissa N. Donimirski , HEYMAN ENERIO GATTUSO & HIRZEL LLP, Wilmington, Delaware; Jason M. Leviton , Joel A. Fleming , BLOCK & LEVITON LLP, Boston, Massachusetts; Mark Lebovitch , Edward G. Timlin , David MacIsaac , BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP, New York, New York; Counsel for Plaintiffs.

Kevin G. Abrams , Michael A. Barlow , Andrew J. Peach , ABRAMS & BAYLISS LLP, Wilmington, Delaware; Michael B. Carlinsky , Adam M. Abensohn , QUINN EMANUEL URQUHART & SULLIVAN, LLP, New York, New York; Counsel for Defendants JBS, S.A., JBS USA Holding Lux S.à r.l., William Lovette, Andre Nogueira De Souza, Gilberto Tomazoni, Tarek Farahat, and Denilson Molina.

Kevin R. Shannon , Christopher N. Kelly , Jaclyn C. Levy , POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; Counsel for Nominal Defendant Pilgrim's Pride Corporation.

MEMORANDUM OPINION

The plaintiffs are minority stockholders in nominal defendant Pilgrim's Pride Corporation (the "Company"), which is a Delaware corporation. They sued the Company's controlling stockholder, JBS S.A. ("Parent"), which is an entity organized under Brazilian law.1 They also sued...

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