Wednesday, May 8, 2024

Hormel pays $4.8 million settlement


 

Hormel Foods has judicial approval for a $4.8-million settlement it reached with a group of its pork purchasers who sued for price-fixing.

The same judge is expected to rule soon on a $4.5-million settlement Hormel has negotiated with a consumer indirect purchaser class.

Judge John R. Tunheim, a federal court judge in Minnesota, consolidated 27 pork price-fixing cases involving 146 parties in December, 2022.