Order Granting Preliminary Approval of the Action Settlement Agreement Between Consumer Indirect Purchaser Plaintiffs and Defendant Smithfield Foods

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A Federal judge in Minnesota preliminarily approved a class action settlement between Smithfield Foods, Inc. and a settlement class of consumer purchasers. Smithfield has agreed to provide $75 million in monetary relief to the class. The settlement is part of multidistrict litigation over an alleged scheme on the part of the meat industry to inflate pork prices. Smithfield also has agreed to “certain cooperation provisions which will strengthen plaintiffs’ case against the remaining defendants.”

[To accompany Federal Court Case Law Update "Federal Court Approves Smithfield Settlement in Pork Price-Fixing Lawsuit" from Brooks Animal Law Digest Issue No. 167.]