IN RE PORK ANTITRUST LITIGATION
A class of direct purchasers urged the U.S. District Court for the District of Minnesota to approve a $9.75 million settlement with Seaboard Foods, LLC, the third-largest pork producer in the U.S., in multidistrict antitrust litigation over claims that producers colluded to inflate pork prices. Under the proposed settlement, Seaboard, which denies all allegations of wrongdoing, will pay $9.75 million to the thousands of pork buying members who make up the newly certified class and will be released from “any and all claims” that the direct purchasers ever had. The deal also requires Seaboard to cooperate with direct purchasers in their legal fight with the pork industry over alleged price fixing.
[To accompany Case Law Update "Settlement in MDL Antitrust Class Action Will Require Seaboard Foods to Cooperate with Plaintiffs Who Allege Pork Industry Price Fixing Scheme ” from Brooks Animal Law Digest Issue No. 196]