Tyson has agreed to pay $47 million to settle a class action lawsuit that alleged beef price-fixing.
The lawsuit was filed on behalf of commercial and institutional indirect purchasers such as restaurants and covers purchases between Jan. 1, 2015, and May 6, 2026,
The covered products include brisket, chuck, loin, rib and round cuts, excluding ground beef, trim, USDA Prime products and further processed items.
The settlement involves Tyson Foods Inc. and Tyson Fresh Meats Inc. Tyson did not oppose the motion for preliminary approval.
