Tyson Foods agreed to pay $85 million in a pork price-fixing settlement reached with consumers who claim the company inflated pork prices by limiting supplies.
The latest settlement brings the total recovery to $208 million, including the settlements previously reached with JBS, Hormel Foods and others. Plaintiffs said the price-fixing took place from 2009 to 2018 and was an attempt to boost company profits and pork prices.
“If the Court approves Plaintiffs’ request to defer notice, the settlement agreement requires that within 75 days, Plaintiffs will propose a detailed notice plan in a subsequent motion that will be filed at a point reasonably calculated to maximize the funds available for distribution to the Class,” court documents read. Triumph Foods and Agri Stats remain defendants in the case.
