Hormel settles on pork price-fixing litigation | MEAT+POULTRY

Apr 10, 2024 · Home » Hormel settles pork price-fixing ... settlements, Hormel agreed to pay $2.43 million to the commercial ... reached a settlement with plaintiffs in which it agreed to pay …

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Hormel Settles On Pork Price-fixing Litigation | MEAT+POULTRY

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Apr 10, 2024 · Home » Hormel settles pork price-fixing ... settlements, Hormel agreed to pay $2.43 million to the commercial ... reached a settlement with plaintiffs in which it agreed to pay …

meatpoultry.com

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Hormel Agrees To $2.43 Million Settlement For Pork Price-fixing …

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Apr 11, 2024 · MINNEAPOLIS, MINN. — Hormel Foods Corp. became the latest pork producer to reach a settlement regarding the ongoing allegations of a price-fixing conspiracy in the …

supermarketperimeter.com

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Hormel Will Pay $2.43 Million To Settle Pork Price-Fixing Claims

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Apr 12, 2024 · Hormel Foods Corp. became the latest pork producer to reach a settlement regarding the ongoing allegations of a price-fixing conspiracy in the industry. For this round of …

news.law

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Hormel Settles Price-Fixing Litigation | American Ag Network

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Apr 18, 2024 · The monetary relief in the case is now up to more than $57 million. The price-fixing litigation dates back to 2018. The allegations were consolidated and transferred to a …

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Hormel Settles Pork Price-fixing Litigation - Agriculture Ag News ...

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The monetary relief from the case now stands at more than $57 million in total. The price-fixing litigations, which date back to 2018, were officially consolidated and transferred to Minnesota …

agseednetwork.com

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Hormel Foods Reaches Settlement In Pork Litigation - Feedstuffs

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Apr 9, 2024 · A $2.43 million settlement between Hormel Foods and commercial and institutional indirect pork purchasers has been reached and preliminarily approved, according to newly …

feedstuffs.com

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Hormel Settles Price-fixing Litigation | 740 The FAN

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Apr 18, 2024 · The monetary relief in the case is now up to more than $57 million. The price-fixing litigation dates back to 2018. The allegations were consolidated and transferred to a …

740thefan.com

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Hormel Settles Price-fixing Litigation - The Mighty 790 KFGO

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Apr 18, 2024 · The monetary relief in the case is now up to more than $57 million. The price-fixing litigation dates back to 2018. The allegations were consolidated and transferred to a …

kfgo.com

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Hormel Settles Pork Price-fixing Suits For $11 Million - Star Tribune

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Apr 11, 2024 · Hormel Foods will pay more than $11 million to settle class-action lawsuits alleging the company worked with other pork producers to illegally fix prices and overcharge …

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Hormel Settles With LongHorn Owner, Others Over Pork Price Case

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Apr 8, 2024 · Hormel Foods Corp. agreed to pay $2.4 million to settle claims with Darden Restaurants Inc. ‘s LongHorn Steakhouse and other indirect purchasers accusing the …

bloomberglaw.com

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Price-fixing Pork Producers - Econ Everyday For Everyone

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May 7, 2024 · Pork producer Hormel Foods has agreed to pay $11 million to settle a class action lawsuit alleging price-fixing in the pork industry. The lawsuit, originally filed in 2018, claims …

econeveryday.com

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Pork Foods Price-Fixing Class Action Settlement

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May 24, 2024 · A $75 Million class action settlement has been agreed upon and approved over price-fixing of pork products. The original open class action lawsuit alleges that indirect …

openclassactions.com

FAQs about Hormel settles on pork price-fixing litigation | MEAT+POULTRY Coupon?

How much did Hormel Foods pay a pork buyer?

Austin-based Hormel Foods agreed to pay $2.4 million to indirect purchasers of pork in the settlement, according to a court filing in U.S. District Court in Minnesota. Law360 and the trade publication SwineWeb reported that additional settlements with direct pork purchasers and consumers will bring the total deal value to over $11 million. ...

Is Hormel Foods (HRL) stock getting punished by Wall Street?

Hormel Foods ( HRL 0.90%) stock is getting punished by Wall Street, with its shares currently down around 30% from their 52-week high. That compares to a roughly 10% drop for the average consumer staples stock, using the Vanguard Consumer Staples ETF as a proxy. ...

How do I file a claim in the pork pricing class action settlement?

To file a claim in the Pork Pricing Class Action Settlement, you must follow the links below to the official class action administrator's website. Please note that your claim form will be rejected if you submit a settlement claim with fraudulent information. The pork class action settlement is now closed to new payout claims. ...

What is the pork products class action lawsuit?

A $75 Million class action settlement has been agreed upon and approved for purchasers of pork products, such as seaboard foods and triumph foods, who allegedly paid higher prices due to price fixing. ...

Did Hormel Foods use an agricultural data service?

The lawsuit dates to 2018, when plaintiffs alleged that Hormel Foods and eight other companies, including food giants Tyson Foods, JBS USA and Smithfield Foods, used an agricultural data service to share private information about their businesses. ...

Who are the alleged co-conspirators in the pork class action complaint?

Some of the alleged co-conspirators in the pork class action complaint, besides Agri Stats, Inc., are producers of pork products and include: • JBS USA Food Company, • JBS USA Food Company Holdings, • Clemens Food Group, LLC, • The Clemens Family Corporation. ...