Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Tyson Settles Price-Fixing Case

foodprocessing 2021-01-21
Share       

Tyson Foods will pay $221.5 million to settle price-fixing claims brought by major trade customers, without admitting any wrongdoing.

If approved by a federal judge, the payment will put to rest a civil suit brought in 2016 by restaurants, retailers and distributors against major chicken processors. Pilgrim’s Pride has agreed to a $75 million settlement in that case.

Tyson and other processors still have to deal with other price-fixing claims by major customers including Kroger, Walmart and Sysco. In addition, a former Tyson executive is facing federal criminal charges of price-fixing.

Tyson expects to put the settlement on its next quarterly balance sheet, according to an SEC filing.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

ion exchange resin

ion exchange resin

Iota Refined

Iota Refined

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121