$117 Million Class Action Settlement for Pork Price-Fixing
Several major pork producers have agreed to an $117 million class action settlement over allegations of colluding to limit supply and inflate prices between June 28, 2014, and June 30, 2018. The lawsuit claims the companies used tools like Agri Stats, production restraints, and export strategies to manipulate pork pricing. Involved firms include Hormel (HRL), Tyson Foods (TSN), Smithfield Foods (SFD), Seaboard, Triumph, Clemens, among others. Eligible consumers are those who indirectly purchased raw pork products such as bacon or chops from one of the companies during that period at grocery stores. The exact payout per claimant is yet to be determined and will depend on factors like the number of valid claims submitted by October 29, 2026. The court has not ruled against any defendants, who all deny wrongdoing.
Topics: antitrust consumer_rights pork settlement