Tyson Foods has agreed to pay $4.62 million in a civil lawsuit that charged the company with conspiring with competitors to fix the price of turkey.
The suit was filed in December in federal court in Chicago by “commercial and institutional indirect purchasers” of turkeys and turkey products. It accused Tyson and other major turkey processors of fixing prices in part by gleaning information on competitors’ prices through a news service. That service, Agri-Stats, has been named as an anti-competition vehicle in other litigation.
The Tyson settlement, reported by Law360.com, would be the first in the lawsuit. Tyson also has reportedly agreed to “meaningful cooperation” with the plaintiffs against its codefendants.
Tyson, along with other major poultry processors, has faced several lawsuits charging price-fixing.
