June 30, 2021
Smithfield Foods has reached a tentative $83 million settlement to resolve antitrust claims in Minnesota federal court from direct buyers that accuse giants in the meat industry of scheming to inflate pork prices, the company said.
April 16, 2021
JBS USA Food Co. has settled with more plaintiffs in litigation accusing meat-processing giants of scheming to inflate pork prices, with commercial and institutional indirect buyers asking a Minnesota federal judge to preliminarily greenlight a $12.75 million deal.
March 29, 2021
JBS has agreed to a $20 million deal with consumer indirect purchasers who claim in Minnesota federal court that the meat-processing giant schemed with other companies to inflate pork prices.
March 05, 2021
A Minnesota federal magistrate judge summarily agreed Friday to establish a plaintiff's steering committee for indirect pork buyers accusing Smithfield, Tyson and other major pork producers of a conspiracy to inflate prices.
February 24, 2021
A class of indirect pork buyers on Tuesday asked a Minnesota federal judge to establish a plaintiff's steering committee in antitrust litigation accusing Smithfield, Tyson and other major pork producers of a conspiracy to inflate prices, pointing to four law firms to help interim co-lead counsel for the buyers organize their efforts.
January 14, 2021
Direct buyers of pork won preliminary approval of a $24.5 million settlement with JBS to resolve price-fixing allegations, as a Minnesota federal judge gave the first nod to a deal that would also obligate the meat processing giant to cooperate with the plaintiffs.
December 01, 2020
Direct buyers moved for preliminary approval on Tuesday of a $24.5 million deal with JBS USA Food Co. that also comes with a company pledge to provide "material cooperation" to the plaintiffs, in what is the first settlement in a massive Minnesota federal court case accusing pork producers of conspiring to raise prices.
November 04, 2020
A pork processor accused of conspiring with others, including Tyson and Hormel, to raise the price of pork by reducing supply has reached a settlement deal with a class of buyers, according to a Wednesday filing in Minnesota federal court.
May 13, 2020
Pork processors including Tyson and Hormel urged a Minnesota federal court during a Wednesday hearing to toss allegations that they conspired to raise the price of pork by reducing supply, saying the buyers haven't shown the processors acted in parallel.
May 12, 2020
Pork buyers suing Smithfield, Tyson and other major producers over an alleged conspiracy to inflate prices have told a Minnesota federal court that a White House executive order meant to ensure that meatpackers continue operating during the coronavirus pandemic shows the producers can hike prices by reducing output.