Civil Plaintiff

Tyson Foods Will Pay $221.5M to Settle Price-Fixing Litigation

Jan 20 (Reuters) – Tyson Foods Inc said on Wednesday it would pay $221.5 million to settle price-fixing litigation with three groups of plaintiffs accusing it of illegally conspiring to inflate prices in the $65 billion chicken industry.

The amount will be reflected in its first-quarter statements, the company said in a regulatory filing. 

Settlements with so-called “end-user” consumers and with more than 30 commercial purchasers were disclosed in filings on Tuesday in the federal court of Chicago.

Eight days ago, Tyson agreed to settle related antitrust claims by purchasers who bought chickens directly from the Springdale, Arkansas-based company.

Tyson has also faced price-fixing claims by large restaurant and supermarket operators such as Chick-fil-A, Kroger Co, and Walmart Inc.

Read the source article at reuters.com

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