According to a report in Meat + Poultry, the class action lawsuit against Tyson Foods, Peco Foods, Fieldale Corp and George’s Farms Corp alleges that poultry processors are plotting to cut chicken production and raise consumer prices. This action violates state and state antitrust laws. It also violates consumer protection regulations.
The court document stipulates that the companies would pay $ 104.5 million. Fieldale would pay $ 1.7 million, Peco Foods $ 1.9 million, George $ 1.9 million and Tyson $ 99 million under the settlement agreement. The court document states that the “icebreaker settlements” and the companies ‘agreement to work together will strengthen the class’ case against the remaining processors.
The case has been in federal court since 2016.
Read more about this story in Meat + Poultry.
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