Major Beef Producers Face Another Conspiracy and Price-Fixing Lawsuit

The owner of a small food services company sued the largest beef production companies in the world, including JBS, Cargill, Swift Beef, Tyson Foods, and National Beef Packing Company, alleging the beef processors have conspired to artificially inflate and fix the price of beef throughout the United States since at least 2015 in violation of the Sherman Antitrust Act. JBS, the largest beef producer in the world, recently agreed to pay $52.5 million to settle another price-fixing lawsuit, and the U.S. Department of Justice has been investigating possible price-fixing in the industry since at least 2020. In the instant case, Plaintiff Amory Investments, LLC is seeking declaratory judgment, injunctive relief, and treble damages.