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On Thursday, commercial and institutional indirect purchase plaintiffs asked the Minnesota District Court for approval of a $12.75 million settlement with JBS USA in a antitrust lawsuit alleging that JBS and other pork processing companies including Hormel Foods, Smithfield Foods, and Tyson Foods participated in illegal antitrust activities.
The direct purchaser plaintiffs already reached a settlement with JBS for $24.5 million, that settlement was given approval by the judge in January. The plaintiffs involved in the currently pending settlement include restaurants and other parties who purchased pork from entities other than the defendants which was initially produced by the defendants. Specifically, the class includes Sandee’s Bakery, Joe Lopez, Ziggy’s BBQ Smokehouse & Ice Cream Parlor, and others.
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Pork Buyers Want Steering Committee In Antitrust Suit
Law360 (February 24, 2021, 1:58 PM EST) A class of indirect pork buyers on Tuesday asked a Minnesota federal judge to establish a plaintiff s steering committee in antitrust litigation accusing Smithfield, Tyson and other major pork producers of a conspiracy to inflate prices, pointing to four law firms to help interim co-lead counsel for the buyers organize their efforts.
Commercial and institutional indirect purchasers said the law firms that would make up the committee Zimmerman Reed LLP, Tostrud Law Group PC, Barrett Law Group PA and the Bozeman Law Firm PA would provide current counsel from Cuneo Gilbert & LaDuca LLP and Larson King LLP with.