Tyson Foods, Clemens Foods and Triumph Foods agreed to pay $64 million to settle claims the companies conspired to fix pork prices in an ongoing federal antitrust case, according to filings in a Minnesota court.
Direct Purchaser Plaintiffs (DPPs) asked a federal court to preliminarily approve of the settlements.
The proposed payments are $50 million from Tyson, $10 million from Clemens and $4 million from Triumph, bringing the total recovery for the DPP class to more than $180 million.
Data firm Agri Stats is the only remaining defendant.
The class-action lawsuit was filed in 2018 and claimed the major pork producers conspired to fix prices through coordinated supply restrictions and information sharing in violation of federal antitrust laws.
The court certified the class in 2023, covering certain pork products purchased directly between June 2014 and June 2018.
