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IF YOU PURCHASED BEEF PRODUCTS BETWEEN AUGUST 1, 2014 AND DECEMBER 31, 2019 TO FEED YOURSELF, FAMILY, OR FRIENDS, YOU MAY BE ENTITLED TO A CASH PAYMENT FROM SETTLEMENTS.
This is an antitrust class action lawsuit that claims several beef processors—including JBS, Cargill, National Beef, and Tyson Foods—conspired to limit the supply of beef and increase prices in the market.
- The Lawsuit: The plaintiffs (consumers) allege that the Defendants entered into a market allocation agreement and stopped competing against each other for market share. The alleged purpose and effect of this agreement was to increase their profit margins and increase the price consumers paid for beef.
- Settlements: Two of the defendants, Tyson Foods, Inc., and Tyson Fresh Meats, Inc. (“Tyson”) and Cargill, Inc., and Cargill Meat Solutions Corporation (“Cargill”), have agreed to Settlements totaling **$87.5 million** ($55 million from Tyson and $32.5 million from Cargill) to resolve the claims against them. They have also agreed to certain non-monetary relief.
To view a list of fresh and frozen beef products included in the Settlements, click here.
