Tyson Has Tentative Deal to Exit Chicken Farmer Wage-Fixing Suit

Tyson Foods Inc. has reached an agreement in principle resolving antitrust claims over its alleged role in a scheme to drive down pay for chicken farmers until they’re permanently indebted “modern-day sharecroppers,” according to a federal court filing in Oklahoma.

The farmers leading the lawsuit disclosed late Monday that they’re “working to finalize and document all terms of the class action settlement,” which calls for both unspecified “monetary compensation” and “significant and invaluable cooperation” against the other poultry processors involved in the case.

They’ll seek approval of the deal from Judge Robert J. Shelby “shortly,” according to the settlement notice ...