JBS settles for $52.5M in beef price fixing case

JBS has agreed to settle to the tune of $52.5 million in a retailer’s case accusing meat packers of conspiring to fix beef prices. The settlement is the first in nationwide antitrust litigation over beef price fixing and is subject to court approval.

JBS was joined in the suit, “In re Beef Antitrust Litigation,” by the other beef packers making up the Big Four: Tyson, Cargill and National Beef. The lawsuit was filed by Central Grocers in June 2020 in the U.S. District Court of Minnesota.