Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Tyson, Pilgrim’s, Wholesalers Get OK for $155 Million Settlement

June 30, 2021, 5:03 PM

Tyson Foods Inc. and Pilgrim’s Pride Corp. escaped part of a sprawling antitrust case over their alleged role in an industrywide scheme to fix broiler chicken prices, when a federal judge in Chicago approved their $155 million class action settlement with wholesalers.

Judge Thomas M. Durkin signed off Tuesday on the agreement, which calls for payments of $80 million by Tyson and $75 million by Pilgrim’s, a subsidiary of Brazilian meatpacking giant JBS SA. He called the deal “fair, reasonable, and adequate,” noting that no class member had objected to it.

The approval ruling resolves claims on behalf of ...