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Tyson Foods Seeks Preliminary Approval for $48 Million Settlement in Pork Price-Fixing Case, Pushing Total Class Recoveries to $114 Million as Long-Running Antitrust Trial Nears
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USA Herald
If approved by U.S. District Judge John R. Tunheim, the agreement would raise total recoveries for the certified class to $114 million as the years-long litigation heads toward trial against the last remaining defendant, Triumph Foods LLC.
After the case survived motions to dismiss, Judge Tunheim in 2024 certified multiple classes, including direct purchasers, consumer indirect purchasers and commercial indirect purchasers.
To date, five defendants — Hormel, JBS USA, Smithfield Foods, Seaboard Foods and Clemens Food Group — have reached settlements with the commercial and institutional indirect purchaser class.
Tyson’s proposed agreement would leave Triumph Foods as the sole company still facing trial.
Class counsel said they will seek court approval of attorney fees and expenses at a later stage.