Items Tagged with 'price-fixing'

Consumers who bought pork from companies named in a class action alleging price-fixing in the industry will receive about $13 million from JBS USA following a federal judge’s approval of a settlement.

Major food distributor SYSCO is the latest company to sue the nation's four dominant beef companies, alleging they conspired to limit supplies and fix the prices of beef sold to the company.

JBS has agreed to settle claims it conspired to limit supply in the beef market in order to drive up prices, which could spur other settlements in the lawsuit also brought against Tyson, Cargill and National Beef.

Pilgrim’s Pride has agreed to pay a $110.5 million fine to resolve charges of price-fixing of broiler chickens, the company announced.

The government’s poultry price-fixing case is moving forward quickly following the June 3 indictment of four executives from Pilgrim’s Pride and Claxton Family Farms.