Smithfield Foods has agreed to pay $83 million to resolve claims that it conspired with competitors to fix pork prices beginning in 2009.
Smithfield Foods has agreed to pay $83 million to resolve claims that it conspired with competitors to fix pork prices beginning in 2009.
The settlement, in which Smithfield does not admit any wrongdoing, removes the company from litigation brought by foodservice distributor Maplevale Farms and other pork purchasers. It must be approved by Judge John Tunheim of the U.S. district court in Minneapolis.
Keira Lombardo, Smithfield’s general counsel, says the settlement removes a substantial portion of the company’s litigation-related exposure. The other defendants include competitors JBS USA, Tyson Foods and Hormel Foods. Smithfield and those companies are still defendants in a separate price-fixing lawsuit brought by retailers and restaurants.
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...
