Tyson Foods has agreed to pay $4.62 million to resolve its portion of a lawsuit that accuses Tyson and its competitors of fixing prices for turkey. In addition to the monetary relief, Tyson agreed to provide “meaningful cooperation” to assist the plaintiffs in their claims against the remaining defendants, which include Butterball LLC, Cargill Inc., Hormel Foods Corp., Perdue Foods LLC, and others.
The lawsuit was filed in December 2019 in Illinois federal court by purchasers of turkey products. The purchasers allege that Tyson and other major turkey processors illegally traded confidential price data through a platform called Agri Stats Inc. and used the information to cut supply of the birds and bump prices to artificially high levels for seven years.
Tyson’s settlement was preliminarily approved by Judge Virginia M. Kendall on May 25th.
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Faruqi & Faruqi, LLP focuses on complex civil litigation, including securities, antitrust, wage and hour, personal injury and consumer class actions as well as shareholder derivative and merger and transactional litigation. The firm is headquartered in New York, and maintains offices in California, Delaware, Georgia and Pennsylvania.
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About Kristyn Fields
Kristyn Fields' practice is focused on antitrust litigation. Kristyn is a Senior Associate in the firm's New York office.Prior to joining F&F, Kristyn interned for the Honorable Martin Marcus, New York Supreme Court, Bronx County. As well, Kristyn participated in the Brooklyn Law Incubator & Policy Clinic providing pro bono counsel to emerging start-up companies. While at Brooklyn Law School, Kristyn served as an Executive Articles Editor of the Brooklyn Journal of Corporate, Financial & Commercial Law. Also, Kristyn was a member of the Moot Court Honor Society.Kristyn earned her J.D. from Brooklyn Law School (2016). Kristyn earned her undergraduate degree from Boston College (B.A., Political Science, 2013).Kristyn is licensed to practice law in New York.
Senior Associate at Faruqi & Faruqi, LLP
New York office
Tel: (212) 983-9330
Fax: (212) 983-9331