Civil Plaintiff
Judge Approves JBS Price-Fixing Settlement of $24.5M
MINNEAPOLIS – During preliminary approval last week, a federal judge in Minnesota granted a class action price-fixing pork settlement between JBS and the direct purchaser plaintiffs according to court documents.
Judge John R. Tunheim of the US District Court of Minnesota recognized the $24.5 million settlement between the two parties. The money must be put into an escrow account within 14 days of the court’s approval. The two sides first came to this agreement in Nov. 2020.
The judge wrote that the agreement “was arrived at by arm’s length negotiations by highly experienced counsel with the assistance of an experienced and nationally renowned mediator.”
