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[1/3] The word "justice" is seen engraved at the headquarters of the United States Department of Justice (DOJ) in Washington, D.C., U.S., May 10, 2021. "Agri Stats operates its information exchanges to promote total industry profits at the expense of competition," said the DOJ's complaint. Attorney Justin Bernick of law firm Hogan Lovells, which is representing Agri Stats in the DOJ case, said the company denies the allegations. "Agri Stats provides vital benchmarking services that help keep production costs and prices low for consumers," Bernick said in an email. Tyson did not respond to questions about whether the company uses Agri Stats reports or provide comment on the lawsuit.

Persons: Andrew Kelly, Justin Bernick, Hogan Lovells, Bernick, Tyson, Leah Douglas, Barbara Lewis, Leslie Adler Organizations: United States Department of Justice, Washington , D.C, REUTERS, U.S . Department of Justice, Agri, Smithfield Foods, Tyson Foods, DOJ, Thomson Locations: Washington ,, U.S

☆ US chicken producers ordered to face price-fixing claims
▼ + stars: | 2023-06-30 | by ( Jonathan Stempel | Industry Insight | Corporate Attorneys Don T Want To Pay Law Firms For Chatgpt When They Could Use It Themselves | ) www.reuters.com time to read: +2 min

[1/2] Tyson Chicken Nuggets, owned by Tyson Foods, are seen for sale in Queens, New York, U.S., November 16, 2021. Restaurants, supermarkets, distributors and consumers have accused chicken producers of having conspired starting in 2008 to inflate prices, through tactics such as restricting production and sharing nonpublic data about supply and demand. But the judge also narrowed the case to cover alleged "anomalous decreases in broiler production" in 2008-2009 and 2011-2012. Pilgrim's Pride, Sanderson and Tyson did not immediately respond to requests for comment after market hours. The case is In re Broiler Chicken Antitrust Litigation, U.S. District Court, Northern District of Illinois, No.

Persons: Tyson, Andrew Kelly, Pilgrim's, Sanderson, District Judge Thomas Durkin, Durkin, Perdue, Brazil's, Jonathan Stempel, Edwina Gibbs Organizations: Nuggets, Tyson Foods, REUTERS, District, Georgia Dock, Agri Stats, Brazil's JBS SA, Antitrust Litigation, Court, Northern District of, Thomson Locations: Queens , New York, U.S, Chicago, Northern District, Northern District of Illinois, New York

☆ Smithfield Foods to pay $75 mln in pork price-fixing settlement
▼ + stars: | 2022-09-28 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Sept 27 (Reuters) - Smithfield Foods Inc has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. The accord follows the judge's Sept. 14 approval of a similar $20 million settlement between consumers and JBS SA (JBSS3.SA), one of Smithfield's largest rivals. The Smithfield, Virginia-based company, a unit of WH Group Ltd (0288.HK), denied liability but settled to avoid the uncertainty, risk and cost of litigation, settlement papers show. In the pork litigation, Smithfield previously reached settlements of $83 million with so-called "direct" purchasers such as Maplevale Farms and $42 million with commercial purchasers, a group that includes restaurants. The case is In re Pork Antitrust Litigation, U.S. District Court, District of Minnesota, No.

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