Civil Plaintiff
Smithfield Foods to Pay $75M to Settle Price-Fixing Issue
Pork giant Smithfield Foods agreed to pay $75 million to settle the latest price-fixing case, involving millions of indirect consumer purchasers, according to a motion filed in Minnesota federal court Tuesday.
It follows the pork producer’s $83 million settlement with direct purchasers in 2021, and a $42 million agreement with restaurant owners and caterers earlier this year. Smithfield has not admitted to any wrongdoing.
The settlement comes in addition to the $20 million settlement reached by meat giant JBS earlier this month, which was also a settlement to consumers.
