Recent News About Tyson Foods
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More than 20 law firms logged 100,000 hours since 2016 to reach $170M in settlements, so they are entitled to roughly one-third of the total fund after expenses, a Chicago federal judge said
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It remains unclear how much consumers might get as a share of $111 million remaining in the settlement funds after lawyers and settlement administrators are paid.
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The settlement administrators began accepting consumer claims on Sept. 11 from anyone in the U.S. who says they bought chicken from 2009-2020, and wants a share of the approximately $111 million left after the lawyers get paid.
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Tyson Foods would contribute $99 million; class members to be determined later, along with the amount class members and their lawyers would receive.
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Lawyers are scheduled to receive up to one-third of the settlement, or $51 million, for their work on the litigation, that dates back to 2016.
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Chicago judge allows bulk of class action to survive motion to dismiss
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A group of cattle ranchers have filed suit in Chicago federal court, accusing four of the largest meat processors in the U.S. of squeezing ranchers by manipulating the market to drive down the price they paid for beef cattle, even as consumer beef prices remained near their peak.
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A federal judge will allow one of the country’s leading food service distributors and a group of others balking at the high price of chicken to continue to peck away at a federal antitrust action accusing the country’s largest poultry producers of fixing prices for their birds.
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Maplevale Farms, one of the country’s leading food service providers, has brought a federal class action antitrust lawsuit against the country’s top poultry producers, alleging they conspired to hatch a plan to manipulate the supply of chicken to keep the price of the birds artificially high, harvesting bumper profits.
