JBS has agreed to pay $83.5 million to settle antitrust claims that it conspired with other meat-packing companies to curb supply in the U.S. beef market to artificially inflate prices. …
This agreement will allow JBS to enter the egg sector and reinforce its global platform diversified by geography and protein. …
The fast food giant is suing the U.S. meat industry’s “Big Four” — Tyson, JBS, Cargill and National Beef Packing Company — and their subsidiaries, alleging a price fixing scheme for beef specifically. …
The Campo Grande II unit was one of those authorized in March. Built in 2007 and acquired by JBS in 2010, it currently has 2,300 employees and produces 440 tons of meat and 136 tons of hamburgers (or 2.4 million units) every day. In addition to China, the factory can export to the United States, Algeria, Egypt, United Arab Emirates, Argentina, the European Union and Chile, among others. …
New York state Attorney General Letitia James sued beef producer JBS in state court for allegedly misleading the public about a pledge the company made to slash its climate pollution in the coming decade. Prosecutors said JBS continued making deceptive marketing claims even after a consumer watchdog group recommended the company stop advertising because it didn’t have a strategy to achieve its climate target. …
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