Smithfield Foods Inc has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. A preliminary settlement in the antitrust case was filed on Tuesday night with the federal court in…
Smithfield Foods to Pay $75 Million in Pork Price-Fixing Settlement
JBS to Pay $20 Million in Pork Price-Fixing Settlement
OMAHA, Neb.—JBS has agreed to pay $20 million to settle a lawsuit with consumers that accused the giant meat producer of conspiring with other meat companies to inflate the price of pork. The latest meat-industry settlement will likely reinforce concerns that the White House, members of Congress, and trade groups have raised about how the…
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