Bloomberg Law
May 19, 2021, 10:41 PM

Tyson Finalizing Deal to Exit Part of Turkey Price-Fixing Case

Mike Leonard
Mike Leonard
Legal Reporter

Tyson Foods Inc. has reached a settlement in principle of antitrust claims over its alleged role in an industrywide scheme to inflate the price of turkey, according to a notice filed Wednesday in a federal court in Chicago.

“The parties are working to finalize and document all the terms of that agreement,” the restaurants and retailers leading the case say. They’ll seek its approval “in the near future,” according to the filing, which doesn’t disclose any settlement terms.

Tyson’s proposed deal with the “commercial and institutional indirect purchasers” is the first by any of the poultry processors facing the ...

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