Adds new settlement with further plaintiffs Jan 19 (Reuters
Adds new settlement with further plaintiffs
Jan 19 (Reuters) – Tyson Meals Inc TSN.N agreed to settle price-fixing litigation with two extra teams of plaintiffs accusing it of illegally conspiring to inflate costs within the $65 billion rooster trade.
The settlements with so-called “end-user” customers and with greater than 30 business purchasers have been disclosed in filings on Tuesday in federal court docket in Chicago.
Eight days in the past, Tyson agreed to settle associated antitrust claims by purchasers who purchased chickens instantly from the Springdale, Arkansas-based firm.
Tyson has additionally confronted price-fixing claims by giant restaurant and grocery store operators akin to Chick-fil-A, Kroger Co KR.N and Walmart Inc WMT.N.
Phrases of the settlements weren’t disclosed, and court docket approvals are required. Tyson had no fast remark.
Pilgrim’s Satisfaction Corp PPC.O, owned primarily by Brazil’s JBS SA JBSS3.SA, agreed on Jan. 11 to pay $75 million to settle claims by direct purchasers of chickens.
Eating places, supermarkets, meals distributors and customers accused rooster producers of getting conspired since 2008 to inflate rooster costs, by way of techniques akin to limiting manufacturing and sharing nonpublic information about provide and demand.
Perdue Farms Inc and Sanderson Farms Inc SAFM.O are among the many different defendants within the litigation, which started in 2016. A number of smaller producers have settled associated claims.
The U.S. Division of Justice final 12 months filed prison price-fixing and bid-rigging fees in Denver towards 10 poultry trade executives. All have pleaded not responsible.
The case is In re Broiler Rooster Antitrust Litigation, U.S. District Courtroom, Northern District of Illinois, No. 16-08637.
(Reporting by Jonathan Stempel in New York; Enhancing by Marguerita Choy and Grant McCool)
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