Chicken company Pilgrim’s Pride has announced that it has reached a settlement with the Department of Justice in the department’s investigation into price fixing in the chicken industry. The company will pay over $110 million.
Pilgrim’s Pride Announces Settlement in Price Fixing Probe
More Poultry Executives Indicted for Price Fixing
Six more executives in the poultry industry have been indicted with price-fixing in the chicken industry.
Cattle Antitrust Litigation Dismissed
A federal judge in Minnesota has granted defendants’ motion to dismiss in a consolidation of several class actions alleging the nation’s largest meat packers conspired to fix the price of cattle.
Federal Grand Jury Indicts Chicken Executives for Price Fixing
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.
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
Following milk supplier Dean Foods’ bankruptcy last year, Dairy Farmers of America has agreed to pay $425 million to acquire 44 of the company’s facilities and certain corporate assets. The deal is subject to approval by the U.S. Department of Justice.
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.