Smithfield to Pay $75 Million in Price-Fixing Case
Sept. 28, 2022
It will settle a lawsuit charging the company with fixing prices since 2009.
In its latest settlement of lawsuits over the price of pork, Smithfield Foods has agreed to pay $75 million to consumer plaintiffs in an antitrust case.
The money will settle a class-action federal lawsuit brought on behalf of consumers who bought Smithfield pork products between 2009 and April 2021. The suit alleged that during that time, Smithfield conspired to limit the national pork supply by exchanging information with competitors via an agricultural news service.
Smithfield agreed to make the payments in a filing in U.S. District Court in Minnesota Sept. 27, while admitting no wrongdoing. Smithfield has previously settled a similar lawsuit for $42 million to foodservice purchaser plaintiffs.
Kaeser is the world’s leading air systems specialist and offers a full range of compressed air solutions for almost any application. From industrial compress...
Take a moment to see the scope of Kaeser's commitment to innovative system designs that guarantee ultra-reliable compressed air, easy maintenance, and greater efficiency.
Ventilation has a huge impact on the ambient temperature in the compressor room and is often the missing link to temperature regulation issues. Here are four factors to consider...
Learn how to get a smart, reliable, energy-efficient compressed air system delivered in a turnkey, weatherproof and temperature-controlled enclosure that needs little or no onsite...
