Tyson Foods settles extra of chicken rate-fixing litigation

(Reuters) – Tyson Foods Inc agreed to settle cost-correcting litigation by people who accused it of illegally conspiring to inflate rates in the $65 billion hen sector. The settlement with so-identified as “close-user” consumers was disclosed in a Tuesday submitting in Chicago federal courtroom. It arrived eight days soon after […]

(Reuters) – Tyson Foods Inc agreed to settle cost-correcting litigation by people who accused it of illegally conspiring to inflate rates in the $65 billion hen sector.

The settlement with so-identified as “close-user” consumers was disclosed in a Tuesday submitting in Chicago federal courtroom.

It arrived eight days soon after Tyson agreed to settle related antitrust statements by purchasers who bought chickens directly from the Springdale, Arkansas-based corporation.

Conditions have been not disclosed. Neither settlement has an effect on identical statements by restaurant and supermarket operators this sort of as Chick-fil-A, Kroger Co and Walmart Inc.

Tyson did not right away react to requests for comment.

Pilgrim’s Pride Corp, owned largely by Brazil’s JBS SA, agreed on Jan. 11 to pay out $75 million to settle promises by direct purchasers of chickens.

The settlements involve court docket approval.

Eating places, supermarkets, food items distributors and shoppers accused hen producers of possessing conspired due to the fact 2008 to inflate hen price ranges, through practices such as restricting creation and sharing nonpublic facts about supply and demand from customers.

Perdue Farms Inc and Sanderson Farms Inc are between the other defendants in the litigation, which commenced in 2016. A number of smaller sized producers have settled linked statements.

The U.S. Office of Justice very last calendar year submitted felony value-fixing and bid-rigging fees in Denver in opposition to 10 poultry field executives. All have pleaded not responsible.

The situation is In re Broiler Chicken Antitrust Litigation, U.S. District Court docket, Northern District of Illinois, No. 16-08637.

(Reporting by Jonathan Stempel in New York Editing by Marguerita Choy)

Della C. Mae

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