2 minute read
JBS Settles Pork Price-Fixing Case for $20 Million
from FME 2021
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She has established a non-profit organization to promote the worldwide approval and adoption of Ivermectin for COVID-19. ▫
by Peter Thomas Ricci, meatingplace.com
JBS USA and its related affiliates have agreed to a $20 million settlement with indirect buyers in a pork price-fixing case, according to a news release.
Settled in the U.S. District Court for the District of Minnesota, the case covers all persons and entities who indirectly purchased pork (restaurants, delis, etc.) from JBS USA from Jan. 1, 2009 through April 2, 2021. The case alleges that defendants and co-conspirators conspired to fix, raise, maintain and stabilize the price of pork since Jan. 1, 2009 in violation of federal and state consumer/antitrust law. JBS has denied wrongdoing.
In addition to the $20 million — which resolves all settlement class claims against JBS — the processor has agreed to provide specific cooperation in the indirect purchasers’ continued prosecution of other defendants, which include Clemens Food Group, Hormel Foods, Smithfield Foods, Tyson Foods, Triumph Foods and Agri Stats.
The same companies also are being sued by direct purchasers, such distributors and grocers.
Smithfield also has reached an $83 million settlement with direct purchasers.
JBS already has reached settlements with both direct and indirect purchasers. ▫
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