Pork Producers Settle DOJ 'Gun-Jumping' Claims

Law360, New York (January 22, 2010, 3:16 PM EST) -- Pork producers Smithfield Foods Inc. and Premium Standard Farms LLC have agreed to pay $900,000 to settle claims by the U.S. Department of Justice that they violated premerger waiting rules.

The DOJ's Antitrust Division filed the settlement Thursday in the U.S. District Court for the District of Columbia. The deal represents $11,000 per day in civil penalties for the period the alleged conduct took place, the agency said.

According to the DOJ, Smithfield began operating a significant portion of Premium's business after the companies announced their...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.