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Tyson Foods agreed to pay. Settlement amount: $82.5 million A class action lawsuit filed by grocers and distributors alleges the giant meat processor illegally inflated beef prices for years, according to documents filed last week.
that class action lawsuit It also accused Cargill and JBS of conspiring together to artificially increase beef prices between 2015 and 2021. JBS Paid $52.5 million To resolve the case in 2022.
Tyson’s $82.5 million settlement includes payments to claimants, including local grocery chain Redner’s Markets. It still needs a judge’s approval.
Tyson did not immediately respond to Food Dive’s request for comment.
The agreement comes as the meat giants settle numerous lawsuits from consumers, food distributors and grocery stores that accuse them of fixing prices for beef, pork and chicken. Tyson previously agreed pay 55 million dollars To resolve consumer lawsuits alleging beef price fixing.
Last fall, Tyson also settled a record number of consumer lawsuits over pork price fixing. $85 million.
It consists of 40% beef. As prices soared, the Trump administration announced it had eased some tariffs to increase supply. Investigation into potential price fixing By foreign controlled companies.
