JBS S.A. and three of its US-based subsidiaries have agreed to pay $25 million in a class action antitrust lawsuit filed by Commercial and Institutional Indirect Purchaser Plaintiffs, as announced by the United States District Court for the District of Minnesota on June 15.
The court has made an announcement stating that if one has bought boxed or case-ready beef processed from fed cattle between January 1, 2015, and May 25, 2023, for commercial use in food preparation in the United States, except for ground beef made solely from culled cows, their rights may be impacted by a class action settlement.
Read more: JBS Settles Pork Price-Fixing Allegations
According to the plaintiffs, JBS and its co-conspirators intentionally restricted the beef supply and established fixed prices for beef sold to Settlement Class members, beginning on or before Jan. 1, 2015.
