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Civil Plaintiff

Hormel Will Pay $2.43 Million to Settle Pork Price-Fixing Claims

Hormel Foods Corp. became the latest pork producer to reach a settlement regarding the ongoing allegations of a price-fixing conspiracy in the industry.

For this round of settlements, Hormel agreed to pay $2.43 million to the commercial indirect purchaser class in this case.

Court documents revealed that this is the third settlement with commercial and institutional indirect purchaser plaintiffs (CIIPS) following earlier settlements by JBS and Smithfield Foods. The monetary relief from the case now stands at more than $57 million in total.

Read the source article at Supermarket Perimeter

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