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JBS to pay $20 million in pork price-fixing settlement

JBS has agreed to pay $20 million to settle a lawsuit that alleges the meat packer engaged in price-fixing to increase the price of pork.  Of the settlement, $13 million will go to consumers and about $7 million is allocated to cover attorney fees and costs.  The judge approved the deal last week and calls the agreement “fair and reasonable”.

JBS had previously agreed to pay nearly $13 million for indirect purchasers like restaurants and another $24.5 million to direct purchasers in a different settlement agreement.

JBS to pay $20 million in pork price-fixing settlement

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