Civil Plaintiff

Meat Processing Company JBS Set to Pay $20M to Settle Lawsuit Involving Accusations of Inflating Pork Prices

JBS has agreed to pay $20 million to settle a lawsuit with consumers that accused the giant meat producer of conspiring with other meat companies to inflate the price of pork.

The latest meat-industry settlement will likely reinforce concerns that the White House, members of Congress and trade groups have raised about how the lack of competition in the industry affects prices.

A federal judge in Minnesota approved the settlement of the price-fixing lawsuit last week. But the judge also ruled that nearly $7 million of the settlement will go to the plaintiffs’ lawyers for their work in the case.

Read the source article at Associated Press News

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