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Agriculture
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January 21, 2021
According to Tyson Foods, Inc.’s Securities and Exchange Commission (SEC) report filed on Wednesday, the company has settled antitrust claims against it from each of the three classes of plaintiffs in the Northern District of Illinois broiler chicken antitrust lawsuit.
The SEC filing said that the companies would pay to the classes “an aggregate amount of $221.5 million,” which would be placed on 2021’s first quarter financial statements. It explained that Tyson “does not admit any liability as part of the settlements,” but that it believed settling the cases was in the best interests of the company to avoid the risks and expense of continuing in litigation.