Tyson Agrees to $82.5M Settlement in Beef Price-Fixing Lawsuit

Tyson agrees to $82.5M settlement in beef price-fixing lawsuit

Meat giants have spent hundreds of millions of dollars to settle claims that they artificially raised prices for years.

Tyson Foods agrees to $82.5 million settlement in beef price-fixing lawsuit

Tyson Foods has agreed to pay $82.5 million to settle a class-action lawsuit brought by grocers and distributors who alleged the meat processor illegally inflated beef prices for years, according to court documents filed last week. The lawsuit also named Cargill and JBS, accusing the companies of conspiring to artificially raise beef prices between 2015 and 2021. JBS previously paid $52.5 million to settle the case in 2022. Tyson’s settlement co…