Tyson Foods Settles Pork Price-Fixing Lawsuit for $85M, Boosting Consumer Recovery to $208M
Tyson Foods has agreed to pay $85 million to settle a lawsuit alleging pork price-fixing, boosting consumers' overall recovery to $208 million. This is the largest settlement in over seven years of antitrust litigation against pork producers in the U.S.
The case, In re Pork Antitrust Litigation, involves allegations that major pork producers conspired to increase profits and prices from 2009 to 2018. Tyson Foods is the last publicly traded company to settle in the lawsuit, following Smithfield Foods' $75 million settlement in 2022. The settlement requires approval by U.S. District Judge John Tunheim in Minneapolis.
Triumph Foods and data provider Agri Stats remain defendants in the case. Similar litigation alleging price-fixing of beef, chicken, and turkey is pending in Minnesota and Chicago federal courts.
With Tyson Foods' settlement, consumers' overall recovery in the pork antitrust litigation reaches $208 million. The settlement is subject to approval by Judge Tunheim. The case aims to address alleged conspiracies among pork producers to manipulate prices and profits.
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