Brazil's JBS has agreed to pay $20 million to settle a lawsuit with consumers that accused the multinational meat producer of conspiring with other meat companies to inflate pork prices. The company didn't admit wrongdoing in the deal.
This photo taken April 18, 2020, shows the JBS USA Pork Plant in Worthington, Minn. JBS has agreed to pay $20 million to settle a lawsuit with consumers that accused the giant meat producer of conspiring with other meat companies to inflate the price of pork, which will only reinforce some of the ongoing concerns about how the lack of competition in the industry affects prices. Officials at the U.S.
This photo taken April 18, 2020, shows the JBS USA Pork Plant in Worthington, Minn. JBS has agreed to pay $20 million to settle a lawsuit with consumers that accused the giant meat producer of conspiring with other meat companies to inflate the price of pork, which will only reinforce some of the ongoing concerns about how the lack of competition in the industry affects prices. Officials at the U.S.
OMAHA, Neb. — JBS has agreed to pay $20 million to settle a lawsuit with consumers that accused the giant meat producer of conspiring with other meat companies to inflate the price of pork. The latest meat-industry settlement will likely reinforce concerns that the White House, members of Congress and trade groups have raised about how the lack of competition in the industry affects prices.
A federal judge in Minnesota approved the settlement of the price-fixing lawsuit last week. But the judge also ruled that nearly $7 million of the settlement will go to the plaintiffs’ lawyers for their work in the case.
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