JBS settles a portion of pork price-fixing lawsuit

UPDATE: Dec. 3, 2020: Court documents revealed JBS will pay $24.5 million to compensate direct purchasers for damages in the price-fixing class action suit. JBS also will cooperate against other large pork processors, such as Tyson Foods and Hormel Foods, according to the motion reported by Bloomberg Law.

Dive Brief:

  • JBS reached a settlement agreement in a lawsuit that accuses the company of fixing pork prices for direct purchasers by conspiring with other meat processors, Meat + Poultry reported. This settlement does not resolve the consumer or retailer class action claims that are consolidated in the lawsuit.

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Source : foodive.com