Welcome

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 ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.