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JBS SA Reaches Settlement of Some Pork Price-Fixing Allegations

Nov. 4, 2020, 10:15 PM

A JBS SA subsidiary has settled part of a pork price-fixing lawsuit in Minnesota federal court, about two weeks after a judge said the antitrust case could move forward against top U.S. meat processors, including affiliates of Tyson Foods Inc. and Hormel Foods Corp.

The agreement, disclosed in a court filing Wednesday, would resolve proposed class action claims brought by “direct purchasers” like wholesalers, but not consumer or retailer claims that are consolidated with them in the U.S. District Court for the District of Minnesota.

The deal’s terms weren’t immediately made public, although the settlement notice said a motion seeking ...