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6/30/2021 By Jonathan Stempel June 30 (Reuters) - Smithfield Foods Inc 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. The settlement with Smithfield resolves antitrust claims by direct purchasers such as Maplevale Farms that accused the nation s largest pork companies of having fixed prices beginning in 2009. Smithfield s settlement requires approval by Chief Judge John Tunheim of the U.S. District Court in Minneapolis. Keira Lombardo, Smithfield s chief administrative officer, said the settlement eliminates a substantial portion of the Smithfield, Virginia-based company s exposure in the litigation.

New yorkUnited statesKeira lombardoClifford pearsonTom polansekJonathan stempelJohn tunheimJonathan oatisHormel foods corpPilgrim pride corpPerdue farms incUs district courtTyson foods incSmithfield foods incWh group ltdAgri stats inc