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Balanced Reporting. Trusted Insights.
Thursday, May 26, 2022
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.
The Justice Department and Federal Trade Commission are launching a broad “public inquiry” into whether and how should strengthen its enforcement of antitrust law and curb future corporate mergers.
The Justice Department has filed an antitrust lawsuit to prevent United States Sugar Corp. from buying a rival processor, Imperial Sugar Co., from agribusiness giant Louis Dreyfus Co.
Tom Vilsack will be back in very familiar surroundings today after winning easy Senate confirmation as agriculture secretary. He is expected to be sworn in today.
Tyson Foods has settled civil claims for $221.5 million brought by poultry purchasers who alleged price-fixing by the company, while admitting no liability.
Pilgrim’s Pride has agreed to pay $75 million to settle price-fixing claims made in a lawsuit brought by the chicken industry giant's customers in Illinois.
Six more people, including the former CEO of Pilgrim’s Pride, have been indicted in an ongoing criminal investigation of price fixing and bid rigging in the chicken industry.
Dairy Farmers of America cannot use a law designed to equalize farmers’ bargaining power with corporations handling agricultural products to protect itself from antitrust claims, the Justice Department said in a court filing.
