US, Beef Cos. Settle Suit Over Japanese Imports

Law360, New York (March 7, 2011, 2:20 PM EST) -- Three beef export companies agreed to comply with federal regulations Monday, settling a suit alleging they violated Japanese import rules in 2006 and cost the U.S. meat industry $500 million when Japan halted U.S. beef imports.

A consent decree was filed in the U.S. District Court for the Eastern District of New York, just days after the U.S. government launched the litigation. The suit accused Atlantic Veal and Lamb Inc., Golden Veal Corp. and Ohio Farms Packing Co. of violating the Federal Meat Inspection Act....
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