Tyson Foods Will Pay $221.5M to Settle Price-Fixing Litigation
“Tyson Foods Inc said on Wednesday it would pay $221.5 million to settle a price-fixing litigation with three groups of plaintiffs accusing it of illegally conspiring to inflate prices in the $65 billion chicken industry,” report Jonathan Stempel and Nivedita Balu in Reuters’ Healthcare.
“The amount will be reflected in its first-quarter statements, the company said in a regulatory filing.”
“Tyson has also faced price-fixing claims by large restaurant and supermarket operators such as Chick-fil-A, Kroger Co and Walmart Inc.”
“Court approvals are required.”
