Skip to Content Subscribe Our Offers My Account Manage My Subscriptions FAQ Newsletters Canada Canadian True Crime Canadian Politics Health World Israel & Middle East Financial Post NP Comment Longreads Puzzmo Diversions Comics NP News Quiz New York Times Crossword Horoscopes Life Eating & Drinking Style Sponsored Play for Ontario Travel Travel Canada Travel USA Travel International Cruises Travel Essentials Culture Books Celebrity Movies Music Theatre Television Business Essentials Advice Lives Told Tails Told Shopping Buy Canadian Home Living Outdoor Living Kitchen & Dining Tech Style & Beauty Personal Care Entertainment & Hobbies Gift Guide Travel Guide Amazon Prime Day Deals Savings National Post Store More Sports Hockey Baseball Basketball Football Soccer Golf Tennis Driving Vehicle Research Reviews News Gear Guide Obituaries Place an Obituary Place an In Memoriam Classifieds Place an Ad Celebrations Working Business Ads Archives Healthing Epaper Manage Print Subscription Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ Newsletters Canada World Financial Post NP Comment Longreads Puzzmo Diversions Life Shopping Epaper Manage Print Subscription HomeNewsCanadaCanadians who bought beef could be eligible for share of $8M in price-fixing class-actionJBS has agreed to pay $7,498,700 to class members, while National Beef has agreed to pay $495,000 You can save this article by registering for free here. Or sign-in if you have an account.The amount individual Canadians can expect has not yet been determined, as the settlement still needs to be approved by the courts. Photo by Postmedia FilesCanadians who have bought beef products from the grocery store since 2015 may be eligible for part of a proposed class-action settlement worth nearly $8 million.Enjoy the latest local, national and international news.Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.Unlimited online access to National Post.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles including the New York Times Crossword.Support local journalism.Enjoy the latest local, national and international news.Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.Unlimited online access to National Post.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles including the New York Times Crossword.Support local journalism.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe lawsuit alleges that the companies involved “participated in an unlawful conspiracy to fix, maintain, control, or lessen the production or supply of beef and fix, raise, maintain, or stabilize the price of beef sold to purchasers in Canada, starting at least as early as Jan. 1, 2015.”Price-fixing occurs when two or more competing businesses agree to set the same prices for goods or services. It means consumers may have faced unnecessarily high prices for beef products.Get a dash of perspective along with the trending news of the day in a very readable format.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of NP Posted will soon be in your inbox.We encountered an issue signing you up. Please try againThe class action asks the courts to order the defendants to return any additional money they have received as a result of this alleged conspiracy.JBS, which is considered the largest meat processing company in the world, has agreed to the settlement, along with the National Beef Packing Company, LLC, aka “National Beef.”JBS, which includes JBS USA Company, Swift Beef Company, JBS Packerland Inc. and JBS Canada ULC, has agreed to pay $7,498,700 to class members, while National Beef has agreed to pay $495,000. This means nearly $8 million could be distributed among eligible class members.Two other companies, Cargill and Tyson, are also mentioned. They are not part of the agreement, as class actions against them are ongoing.The class action notes that agreement to the settlement does not constitute an admission of wrongdoing.The proposed settlement, which was announced on Thursday, defines class members as eligible customers who purchased beef products for personal use or resale in Canada on or after Jan. 1, 2015. It excludes products purchased by the food service industry, such as restaurants.There are two groups of class members. The largest group comprises members of the B.C. settlement class, which includes all Canadians except those represented in the second group, the Quebec Settlement Class, which is made up of consumers who bought beef in Quebec during the same period.The amount individual Canadians can expect has not yet been determined, as the settlement still needs to be approved by the courts.An approval hearing for all Canadians except those in Quebec will take place on Sept. 10, 2026, while the Quebec approval hearing is scheduled for Dec. 1 this year.The courts will decide whether the settlements are fair, reasonable, and in the best interests of class members. If approved, details on when and how eligible Canadians will receive payments will be made public.The class action was brought forward by CFM Lawyers LLP and Strosberg Wingfield Sasso LLP, and by Belleau Lapointe LLP in Quebec.Canadians who want to opt out of the settlement must do so by Aug. 10, 2026. More details can be found on the class action website.The proposed class action comes shortly after the payout process began for a previous lawsuit that accused Loblaw and its parent company George Weston Ltd. of engaging in the price fixing of bread. Payment of approved claims began during the week of May 11, 2026, according to the settlement website.Loblaw and George Weston Ltd. agreed to pay $500 million to settle the class action lawsuit.Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark nationalpost.com and sign up for our daily newsletter, Posted, here. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.