If you bought beef between 2014 and 2019, you may be eligible for part of a cash settlement.
Multiple meat manufacturers have been accused in an antitrust class action lawsuit of entering a non-compete agreement to increase beef prices. As a result, customers impacted by these alleged practices may be eligible for compensation.
The lawsuit alleged that multiple food companies agreed to stop competing against each other for market share, allowing the companies to increase the price customers paid for beef between Aug. 1, 2014, and Dec. 31, 2019, according to a website dedicated to the litigation.
Named in the federal lawsuit are JBS USA Food Company, Swift Beef Company, JBS Packerland, Cargill, Cargill Meat Solutions Corporation, National Beef Packing Company, Tyson Foods and Tyson Fresh Meats.
According to the website, Tyson Foods, Inc. and Tyson Fresh Meats, Inc. have agreed to settlements totaling $55 million, while Cargill has agreed to a $32.5 million resolution.
