Tyson Foods agreed to pay $82.5 million to settle a proposed class-action lawsuit brought by grocers and other businesses that accused the meat and poultry company of conspiring to inflate U.S. beef prices by restricting supply.
JBS USA previously agreed to pay $52.5 million to resolve similar claims. That settlement, in which JBS denied wrongdoing, was approved by a judge in 2022.
Lawsuits against Cargill and National Beef have not been settled.
Tyson, the largest U.S. meat company, previously agreed to pay $55 million to settle related consumer price-fixing claims tied to the beef litigation. The company also agreed earlier this year to pay $85 million to resolve a proposed consumer class-action lawsuit accusing it of conspiring with competitors to inflate U.S. pork prices.
