Tyson Foods Inc. agreed to pay $85 million to settle claims in a pork price-fixing lawsuit brought by consumer indirect purchasers.
The lawsuit was brought by three groups of clients - direct purchasers, consumer indirect purchasers, and commercial indirect purchasers .
Earlier this year, the court dismissed Hormel Foods Corp. from the case but ruled that claims against Tyson, JBS USA, Seaboard Foods, Smithfield Foods, Clemens Food Group and Triumph Foods could proceed.
Customers argued the companies relied on Agri Stats reports to coordinate production cuts and share sensitive pricing information, in violation of federal and state antitrust laws, consumer protection statutes and the Packers and Stockyards Act.
