Shareholder Suit Over Pilgrim’s Pride Participation in Price-Fixing Scheme Revived

The 10th Circuit revived a shareholder’s amended complaint alleging a chicken producer failed to loop investors in on a price-fixing scheme Thursday from a statute of repose-driven dismissal.

Smithfield Foods Settles Pork Price-Fixing Lawsuit for $42M

July 8, 2022 Associated Press

Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices, which will likely only add to concerns about how the lack of competition in the industry affects meat prices.

U.S. Drops Price-Fixing Charges Against Chicken Executives After Mistrials

April 6, 2022 Reuters

The U.S. Justice Department asked a federal court in Denver on Thursday to drop price-fixing charges filed against five executives of chicken producing companies after two mistrials in the case focused on competition in the $65 billion poultry sector.

Smithfield Foods to Pay $83 Million to Settle Pork Price-Fixing Claims

July 1, 2021 Smithfield Foods

Smithfield Foods said on Wednesday it will pay $83 million to settle litigation that accused several companies of conspiring to limit supply in the $20 billion-a-year U.S. pork market to inflate prices and their own profits.

Grocery Giants Discussed Fixing More Than Bread Prices, Court Files Suggest

June 22, 2021 Bryan Carney, The Tyee

Canadians buy over $4 billion of bread and baked goods every year — which meant that when Loblaw Companies Ltd. confessed to conspiring with competitors to keep prices high, consumers were angry.