JBS to pay $25 mln in latest beef price-fixing settlement
Source: thecattlesite.com
Stay updated with breaking news from Erbert Gerbert Inc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
JBS SA has agreed to pay $25 million to commercial beef purchasers that accused the meat-packing company of conspiring with industry rivals to restrict market supply in order to keep prices artificially high.
JBS USA has agreed to pay $52.5 million to resolve a class action antitrust lawsuit over price-fixing the markets for case-ready and boxed beef.