JBS SA’s $13 Million Settlement Approved in Pork Antitrust Case

JBS SA crept closer to exiting antitrust litigation over an alleged industrywide scheme to fix pork prices, when a federal judge in Minneapolis approved the second of its three class action settlements, a $12.75 million deal with restaurants and retailers.

Judge John R. Tunheim signed off on the agreement late Thursday, about five months after giving his blessing to a $24.5 million settlement between the Brazilian meatpacking giant and wholesalers bringing parallel claims in the U.S. District Court for the District of Minnesota. He also awarded $3.9 million in legal fees to counsel for the “commercial and institutional indirect purchasers.” ...