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Tyson Foods Settles Pork Price-Fixing Lawsuit for $85M

After years of litigation, Tyson Foods agrees to a substantial settlement. The case is part of ongoing antitrust probes into meat industry price-fixing.

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In this picture we can see food boxes in the racks. We can see price notes.
In this picture we can see food boxes in the racks. We can see price notes.

Tyson Foods Settles Pork Price-Fixing Lawsuit for $85M

Tyson Foods, the last publicly traded company involved in a long-running antitrust lawsuit, has agreed to pay $85 million to settle allegations of pork price-fixing. The settlement, which requires approval by U.S. District Judge John Tunheim in Minneapolis, is the largest in over seven years of litigation against pork producers.

The settlement comes after years of litigation, with dozens of supermarket chains, restaurant chains, food producers, and distributors suing over pork prices. The alleged conspiracy ran from 2009 to 2018, aiming to increase profits and prices for the defendants by limiting supply in the $20 billion U.S. market. Tyson Foods CEO Donnie King approved the settlement, which adds to the total consumer recovery now amounting to $208 million, including those from JBS, Hormel Foods, and other defendants. Similar litigation alleging price-fixing of beef, chicken, and turkey is still pending in Minnesota and Chicago federal courts.

Tyson Foods' $85 million settlement in the In re Pork Antitrust Litigation case (No. 18-01776) is a significant development in the ongoing antitrust litigation against pork producers. Triumph Foods and data provider Agri Stats remain defendants in the case, with the outcome of the pending litigation yet to be determined.

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