Price-Fixing Settlement

Three major pork companies have settled a price-fixing lawsuit. If the settlement is approved, Tyson Foods will pay $50 million, Clemens Food Group will pay $10 million and Triumph Foods will pay $4 million. A class action antitrust lawsuit was filed in 2018, alleging Tyson, Clemens, Triumph, JBS, Seaboard Farms, Smithfield Foods and Hormel conspired to systematically control their output with benchmarking information from Agri Stats.