Agriculture
your username
January 15, 2021
Judge John R. Tunheim of the Minnesota District Court filed an Order on Wednesday granting preliminary approval to a $24.5 million settlement between JBS and members of the direct purchaser class in a putative class-action lawsuit claiming that members of the pork industry artificially raised prices. This settlement relates to plaintiffs who purchased pork directly from the plaintiff, there are other classes involved in the case including those who purchased pork at inflated prices from other companies.
The agreement between JBS and the plaintiffs also requires the defendant to cooperate with the plaintiffs. The judge said that the settlement agreement “falls within the range of possible approval.” Although the agreement is still subject to consideration at a fairness hearing, Judge Tunheim said it was “fair, reasonable, adequate, and in the best interests of the Settlement Class.”