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TYSON SETTLES WITH COMMERCIAL BEEF PURCHASERS FOR $47M May 29, 2026 Source: Beef Commercial news release A settlement has been reached in a class action antitrust lawsuit filed on behalf of commercial and institutional indirect purchaser plaintiffs (IPPs) with Tyson Foods Inc., Tyson Fresh Meats Inc. and related or affiliated entities. The settlement requires Tyson to pay $47 million. There will be no payments to the settlement class at this time. The U.S. District Court for the District of Minnesota must first hold a hearing to decide whether to approve the settlement. What is this lawsuit about? Commercial and institutional IPPs allege that defendants and their co-conspirators conspired to limit the supply and fix the prices of beef sold to members of the settlement class in the U.S. from at least Jan. 1, 2015, with the intent and expected result of increasing prices of beef products in the U.S. , in violation of federal antitrust laws and various state antitrust, consumer protection and unfair trade practices and unjust enrichment laws. Tyson denies it did anything wrong. The court did not decide which side was right, but both sides agreed to the settlement to resolve the lawsuit and get benefits to the settlement class. In addition to Tyson, the defendants and alleged co-conspirators in this lawsuit are JBS USA Food Co., Swift Beef Co., JBS Packerland Inc., JBS S.A., Cargill Inc., Cargill Meat Solutions and National Beef Packing Co. The lawsuit is still proceeding on behalf of the commercial and institutional IPPs against other defendants who may be subject to separate settlements, judgments or related orders. A separate notice was sent in 2023 regarding a settlement with defendants JBS USA Food Co., Swift Beef Co., JBS Packerland Inc. and JBS S.A. Who is included? For settlement purposes, members of the settlement class are defined as: All entities in the U.S. that indirectly purchased one or more fresh or frozen raw brisket, chuck, loin, rib or round beef products sold by defendants in the U.S. from Jan. 1, 2015, to May 6, 2026, for their own use in commercial food preparation. For this lawsuit, beef products exclude non-fed beef, ground beef, trim beef, beef identified as cooked, beef products with non-beef ingredients other than seasonings or any product marketed as USDA Prime. For purposes of the settlement, beef includes boxed beef and case-ready beef (i.e., beef that has been cut into subprimals and packaged for resale) made from fed cattle in the U.S. that is sold fresh or frozen. The definition of "beef" is limited to products derived from the loin, chuck, rib, brisket and round primal cuts. With the exception of case-ready beef, other meat from fed cattle that is further processed at another plant (e.g., by grinding, adding other ingredients or cooking or curing) and drop byproducts (e.g., trim, fats, oils, hides, offal) are excluded. Settlement class members in the following jurisdictions are potentially eligible to receive a payment from the settlement fund: Arkansas, Arizona, California, District of Columbia, Florida, Illinois, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, West Virginia and/or Wisconsin. More information, including a detailed notice, is available at www.BeefCommercialCase.com or by calling 1-888-570-3771. Tweet |
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