<\/div>\n
It would boost consumers\u2019 overall recovery to $208 million, including settlements with Brazil\u2019s JBS, Hormel Foods and other defendants.<\/p>\n
Tyson, based in Springdale, Arkansas, is the last publicly traded company to settle.<\/p>\n
Its settlement requires approval by U.S. District Judge John Tunheim in Minneapolis.<\/p>\n
Tyson did not immediately respond to requests for comment. Lawyers for the consumers did not immediately respond to similar requests.<\/p>\n
Triumph Foods and data provider Agri Stats remain defendants.<\/p>\n
Dozens of supermarket chains including Kroger, restaurant chains including McDonald\u2019s, food producers and food distributors have also sued over pork prices.<\/p>\n
Plaintiffs said the alleged conspiracy ran from 2009 to 2018, and was intended to increase the defendants\u2019 profits, as well as prices.<\/p>\n
Similar litigation alleging price-fixing of beef, chicken and turkey is pending in Minnesota and Chicago federal courts.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tyson Foods agreed to pay $85 million to settle a lawsuit by consumers who accused the largest U.S. meat company of conspiring with rivals to inflate pork prices by limiting supply in the $20 billion U.S. market. The preliminary class action settlement disclosed on Wednesday is the largest in more than seven years of antitrust <\/p>\n","protected":false},"author":0,"featured_media":3804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-3803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/posts\/3803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/comments?post=3803"}],"version-history":[{"count":0,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/posts\/3803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/media\/3804"}],"wp:attachment":[{"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/media?parent=3803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/categories?post=3803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketsfortress.com\/index.php\/wp-json\/wp\/v2\/tags?post=3803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}