A preliminary settlement was reached recently by Smithfield Foods Inc. in the amount of $75 million in a pork price-fixing lawsuit. Consumers filed the lawsuit claiming that this meat producer along with others limited supply to inflate the price of pork in the U.S. market. Smithfield denies any wrongdoing.
A similar lawsuit was also recently settled for $20 million between consumers and JBS SA. There are also ongoing lawsuits against Smithfield for similar prix-fixing for beef and chicken price inflations.
The case is In re Pork Antitrust Litigation, U.S. District Court for the District of Minnesota, Case No. 18-01776.
This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.
