Tyson To Settle Chicken Price-Fixing Claims For $221M
Law360 (January 20, 2021, 5:36 PM EST) -- Tyson Foods has settled with three proposed classes of consumers in long-running litigation over alleged price-fixing in the broiler chicken industry for $221.5 million, the company disclosed in a U.S. Securities and Exchange Commission filing on Tuesday.
The company said it had agreed to "settle all class claims" in consolidated lawsuits from direct purchasers, commercial and institutional indirect purchasers, and end-user consumers of broiler chickens, who claimed they were affected by anti-competitive conduct from the nation's largest broiler chicken producers, including Tyson.
The more than $200 million deal represents the aggregate sum to be paid, the company said, to settle "all...
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