JBS Agrees to $83.5 Million Settlement in Cattle Class Action Lawsuit
Significant Settlement in Cattle and Beef Antitrust Case
In a landmark development, JBS USA Food Company and its affiliates have consented to resolve a significant class action lawsuit for a total of $83.5 million. The allegations stem from claims made by cattle ranchers, asserting that JBS, along with other leading meat processing corporations, conspired to suppress competition in the market for fed cattle. This situation reportedly led to reduced prices for cattle feeders.
The lawsuit, which highlights the allegations of anti-competitive practices, involves key players in the meatpacking industry, including Tyson Foods, Cargill, and National Beef, known collectively as the
Topics General Business）
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