The Department of Justice has announced that a federal grand jury in Colorado has returned an indictment against four executives of major chicken producers for conspiring to fix prices.
Federal Grand Jury Indicts Chicken Executives for Price Fixing
Washington State Sues Over Tuna Price Fixing Scheme
Washington state has filed suit against Starkist, parent company Dongwon Industries, and the CEO of Bumble Bee Foods, alleging that the defendants conspired to artificially increase the price of tuna.
Supermarket Chain and Milk Producers Cooperative File Antitrust Challenge Against Dairy Merger
Food Lion, a supermarket chain, and the Maryland and Virginia Milk Producers Cooperative Association have filed suit against the Dairy Farmers of America, alleging that the proposed merger between the corporation and Dean Foods Company violates federal antitrust law and are seeking injunctive relief.
Turkey Companies Accused of Conspiracy and Price Hiking
A New York Deli has filed suit against top turkey producers, including Perdue, Tyson, Butterball, and Hormel, alleging that the companies conspired to illegally trade price data and raise the price of their products.
USDA Will Investigate Surging Beef Prices
The United States Secretary of Agriculture has announced that the agency will conduct an investigation into why surging beef prices amid the coronavirus crisis has not resulted in higher prices for cattle. The announcement follows a request by United States Senators last month for the Department of Justice to investigate beef price-fixing.
Dairy Farmers of America to Purchase Dean Foods
California Court Refuses Canned Tuna Price-Fixing Settlement
A California federal judge has refused to grant approval of a $6.5 million settlement in a price-fixing lawsuit against Chicken of the Sea, a canned tuna company. The judge denied the settlement because it is not clear that the proposed settlement is in the best interest of the class.
AMS Proposes Changes to Determination of Advantages Under the Packers and Stockyards Act
The Agricultural Marketing Service has proposed a change to its regulations regarding the implementation of the Packers and Stockyards Act. The proposed rule would establish criteria, rather than using a case-by-case approach, for determining whether an undue or unreasonable preference or advantage has occurred in violation of the Act. The promulgation of such regulations is required by the 2008 Farm Bill. The agency is accepting comments on this proposal until March 13, 2020.
Dairy Producers Settle Price-Fixing Suit
Winn-Dixie has told a federal court that it has reached a settlement with dairy producers, including Land O’Lakes, for price-fixing. The case centers around a National Milk Producers Federation Program that was allegedly an effort to sell dairy cows for beef as a way to decrease the supply of milk. The terms of the settlement have not yet been disclosed.
Chicken Companies Settle Price-Fixing Lawsuit for $13 Million
Three chicken companies have agreed to settle price-fixing claims against them for a settlement of over $13 million. The case began in September 2016, when consumers filed a class action suit on behalf of all direct purchasers of broiler chickens in the country. The settlement has not yet been approved.