On January 8th, defendant Agri Stats Inc. settled with plaintiffs alleging price fixing by major red-meat packers.*
The Greater Omaha Packing Company was the fourteenth defendant to reach an agreement in the case leaving only Smithfield Foods apparently willing to go to trial at this time. Settlement values have amounted to $202.8 million ranging from $100,000 for the Greater Omaha Packing Company to $72.5 million for Tyson Foods with JBS USA Food Company settling for $55 million and Cargill Inc. at $29.8 million representing the largest settlements.
Plaintiffs’ attorneys have requested the Court of Jurisdiction to approval final settlement agreements with Greater Omaha and Agri Stats. This Company will not pay any monetary value but will cooperate in litigating claims against Smithfield Foods for the alleged or actual “conspiracy or agreement between defendants relating to reducing competition in the hiring and
retaining of or to fix, depress, restrain or exchange information, otherwise reducing the compensation paid.”
*Civil Action #1: 22-cv-02946-PAB-STV