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Pilgrim’s, Tyson Agree to Settle Chicken Antitrust Case (1)

Jan. 12, 2021, 1:17 AM

America’s top two chicken producers have reached agreements with buyers to settle complaints over price-fixing allegations.

Pilgrim’s Pride Corp., owned by Brazil’s JBS SA, said it will pay $75 million to settle the class action suit, according to a regulatory filing on Monday. Tyson Foods Inc. said in a separate statement that it had reached an “agreement in principle” without disclosing terms. Neither company admited wrongdoing.

American meat companies have been under fire, with poultry buyers including Chick-fil-A and Target Corp. having sued top U.S. chicken producers for fixing meat prices for years. The companies have also faced ...