The long-running pork price-fixing saga has reached a turning point. A Minnesota federal judge has given preliminary approval to an $85 million settlement resolving consumers’ antitrust claims that Tyson Foods Inc. conspired with other pork producers and a data firm to inflate pork prices by manipulating supply.
U.S. District Judge John R. Tunheim granted the motion on Friday, describing the agreement between Tyson and the consumer indirect purchaser plaintiffs as “fair, reasonable, and in the best interests of the class.” The deal, he noted, was the product of arm’s-length negotiations conducted by seasoned attorneys on both sides.
“Tyson does not oppose the motion,” Judge Tunheim wrote, emphasizing that the court’s decision aims to preserve efficiency and maximize compensation for consumers.
The judge also ruled that formal notice to the class can be deferred, citing potential cost savings that would ensure more funds go directly to claimants.
$85 Million Deal Adds to $208 Million Total Recovery
Consumers first asked the court on Oct. 1 to approve the $85 million agreement, which follows earlier settlements with JBS USA, Smithfield Foods, and Hormel Foods, bringing total recoveries in the sweeping multidistrict litigation to nearly $208 million.
The settlement covers Tyson Foods, Tyson Fresh Meats Inc., and Tyson Prepared Foods Inc. According to court filings, the payout reflects Tyson’s 20% share of the alleged overcharges, equating to roughly $4.25 million per market share point — a result class counsel described as “exceptional.”
“This sum is fair and reasonable in light of Tyson’s market position,” the plaintiffs’ attorneys stated, noting that it provides “significant relief” to those impacted by years of inflated pork prices.
The only remaining defendants in the consumer indirect buyers’ case are Agri Stats Inc. and Triumph Foods LLC.
