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CA
Tyson to settle pork antitrust lawsuit for $48M
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Agri-Pulse Communications, Inc.
Tyson Foods has agreed to pay $48 million to settle price-fixing allegations made by restaurants and delicatessens as part of a class-action lawsuit.
However, Tyson "denies all allegations of wrongdoing in the action," according to the agreement, filed in federal court in Minnesota.
Tyson becomes the sixth company named in the lawsuit to have settled, bringing total awards to more than $114 million, according to court filings.
Previous agreements have been struck with JBS, Smithfield Foods, Seaboard Foods, Hormel Foods and Clemens.
Representative plaintiffs currently listed in the lawsuit include Sandee's Bakery, Erbert & Gerbert's, Joe's Steak and Leaf, Longhorn's Steakhouse, the Grady Corporation, the Breakfast Joynt, Edley's Restaurant Group, Basil Mt.