Canadians who bought beef after 2015 could be eligible for a share of nearly $8 million as part of a proposed settlement with companies over allegations of price-fixing.
A statement from multiple Canadian law firms said JBS USA, Swift Beef, JBS Packerland Inc. and JBS Canada ULC have agreed to pay $7.49 million while National Beef has agreed to pay $495,000.
The deal still needs to be approved by the courts and is not considered an admission of wrongdoing by the companies.
A settlement hearing for members in all provinces except Quebec is scheduled for Sept. 10, while the Quebec settlement hearing is slated for Dec. 1 of this year.
The class-action lawsuit was filed in 2022 alleging that companies that sell beef were involved in an unlawful conspiracy involving the supply or price of beef sold in Canada.
There have been a number of price-fixing settlements in the United States for chicken, turkey, pork and beef.
Some of the same companies as in the Canadian settlement were involved.
