Tyson to pay $48 million to resolve price‑fixing claims by pork buyers
The proposed settlement was filed last week in the federal court in Minnesota. It requires approval by U.S. District Judge John Tunheim. The preliminary agreement covers restaurants, delis and other food‑service operators who purchased Tyson pork from other suppliers between 2014 and 2018. Reuters says the plaintiffs include LongHorn Steakhouse and smaller businesses that purchased certain raw pork cuts or uncooked pork bacon in the U.S.
The plaintiffs alleged that Tyson and other defendants provided a consulting firm with detailed information about pricing, sales and other industry data that was used to manipulate prices, Reuters reports. Tyson, in addition to the other settling defendants, all denied wrongdoing, according to court documents.
Tyson agreed to pay $85 million last year to settle a lawsuit by consumers who accused the meat company of conspiring with rivals to inflate pork prices by limiting supply in the $20 billion U.S. market.
The litigation is part of a broader set of cases accusing beef, turkey and chicken producers of fixing prices. Earlier this month, Tyson agreed to pay $82.5 million to settle a proposed class action brought by grocers and other businesses that accused it of conspiring to inflate U.S. beef prices by restricting supply.
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