Tyson’s Second Turkey Cartel Settlement Is Worth $1.75 Million

Tyson Foods Inc. will pay $1.75 million to resolve antitrust claims brought by restaurants and caterers over its alleged role in an industrywide scheme to inflate the price of turkey, according to a federal court filing in Chicago.

The proposed settlement with “commercial and institutional indirect purchasers,” docketed Tuesday, also calls for Tyson to cooperate against the other poultry processors facing cartel claims in the U.S. District Court for the Northern District of Illinois.

Although the restaurants “believe that their case is strong, any complex antitrust litigation is inherently costly and risky, and this settlement mitigates that risk,” the restaurants ...