A Settlement has been reached in a class action antitrust lawsuit filed on behalf of Commercial and Institutional Indirect Purchaser Plaintiffs with Defendants Tyson Foods, Inc., Tyson Fresh Meats, Inc., Tyson Prepared Foods, Inc., and the Hillshire Brands Company (“Tyson” or “Settling Defendants”). This Settlement only applies to Settling Defendants and does not dismiss claims against other Defendants in the case entitled Sandee’s Catering, et al. v. Agri Stats, Inc. et al., (Institutional Indirect Purchaser Actions), Case No. 1:20-cv-02295 (N.D. Ill.).
If approved by the Court, the Settlement will resolve a lawsuit over whether Tyson’s combined and conspired in restraint of trade, the purpose and effect of which was to suppress competition and to allow Tyson and other Turkey producers to charge supra-competitive prices for Turkey products from January 1, 2010, to January 1, 2017, in violation of federal and state laws. If approved, the Settlement will avoid litigation costs and risks to Commercial and Institutional Indirect Purchaser Plaintiffs and Tyson and will release Tyson from liability to members of the Settlement Class.
The Settlement requires Tyson to pay $1,750,000. In addition to this monetary payment, Tyson has agreed to provide specified cooperation in the Commercial and Institutional Indirect Purchaser Plaintiffs’ continued prosecution of the litigation. There will be no payments to the Settlement Class at this time. You will be notified later of an opportunity to file a claim.
The Court has not decided whether Tyson did anything wrong, and Tyson denies any wrongdoing.
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