JBS settles antitrust litigation
Last week, JBS agreed to pay a partial settlement in a class action antitrust lawsuit filed against the processor in June 2020 for potential cattle market manipulation.
In the settlement, which is subject to court approval, JBS agrees to pay the direct purchaser plaintiff class $52.5 million, according to a JBS company spokesperson, Feedstuffs reported.
The National Cattlemen’s Beef Association (NCBA) called the settlement “deeply disturbing,” in a news release and wondered why the Department of Justice (DOJ) hasn’t published any findings yet of its investigation into the meatpacking industry.
“America’s cattle producers expect and deserve full transparency on any, and all, information related to the...
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