May 2, 2012 - The court approved the settlement entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
January 23, 2012 - The court preliminarily approved the settlement.

November 14, 2011 - Parties filed a stipulation of settlement.

August 17, 2010 - The court granted in part and denied in part the defendants' motion to dismiss, dismissing Count I and II without prejudice.

July 27, 2009 - The defendants filed a motion to dismiss.

June 26, 2009 - The lead plaintiffs filed a consolidated complaint on behalf of investors who purchased Pilgrim’s Pride Corporation (NYSE: PPC) common shares between May 5, 2008 and October 28, 2008 and in connection with Pilgrim's Pride Corporation's May 14, 2008 secondary offering. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1933 by issuing false and misleading statements in connection with Pilgrim's Pride Corporation's May 14, 2008 secondary offering and the Securities Exchange Act of 1934 by issuing false and misleading statements between May 5, 2008 and October 28, 2008.

May 21, 2009 - The lead plaintiffs and lead counsel were appointed.

May 14, 2009 - All cases were consolidated.

December 29, 2008 - Lead plaintiff motions were filed.

October 29, 2008 - An investor in shares of Pilgrim’s Pride Corporation (NYSE: PPC now trading on the NASDAQ sheets as PPC) filed a lawsuit in the U.S. District Court for the Eastern District of Texas against Pilgrim's Pride Corporation over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges that Pilgrim’s Pride Corporation and certain of its officers and directors violated Securities Exchange Act of 1934 by misrepresenting, between May 5, 2008 and September 24, 2008, Pilgrim’s Pride Corporation’s financial condition and concealing the impact of Pilgrim’s Pride Corporation’s capital problems on its business and prospects. The stockholder accuses that due to Pilgrim’s Pride Corporation’s positive, but false, statements, Pilgrim’s Pride Corporation’s (NYSE:PPC) stock closed as high as $26.85 per share in late May 2008. Specifically the complaint alleges that on September 24, 2008, after the market closed, Pilgrim’s Pride Corporation issued a press release announcing that it had notified its lenders that it expected to report a significant loss in the fiscal fourth quarter ending September 27, 2008, due to high feed-ingredient costs, continued weak pricing and demand for breast meat, and the significant negative impact of hedged grain positions during the quarter and as a result of this Pilgrim’s Pride Corporation (NYSE: PPC) shares fell to $3.84 per share on September 25, 2008 from $10.26 per share on September 23, 2008. According to the complaint, Pilgrim’s Pride Corporation were aware of the material undisclosed information which contradicted their public statements between May 5, 2008 and September 24, 2008.

On December 1, 2008 Pilgrim's Pride Corporation filed for Chapter 11 bankruptcy protection.