A class action lawsuit is accusing Hormel, Tyson Foods and other meatpacking companies of falsely raising the price of pork products with the help of the information-sharing service Agri Stats. Filed in a Minnesota court, the complaint accuses the meat packers of exchanging detailed and sensitive non-public information. Meat buyers claim that prices were boosted by more than 50 percent. Hormel Foods issued a statement saying they are confident that these allegations are without merit and intend to defend this lawsuit.
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