Bought beef? You have just days to file a claim in $87.5 million settlement

Google News
Consumers can file claims for an $87.5 million settlement regarding beef price inflation caused by alleged antitrust agreements.
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Summary

A$87.5 million settlement has been reached to resolve an antitrust class action lawsuit against major beef processors, including Tyson Foods and Cargill. The companies were accused of entering into market allocation agreements to limit competition and artificially inflate beef prices for consumers. While the companies have not admitted wrongdoing, they have agreed to pay $55 million and $32.5 million, respectively, to resolve the claims.

To qualify for acash payment, consumers must have purchased qualifying beef products for personal consumption between August 1, 2014, and December 31, 2019, in specific U.S. states. Qualifying products include over 280 types of fresh and frozen beef cuts, such as chuck, loin, and rib, but exclude premium, specialty, or processed beef.

The deadline to file a claim is Tuesday, June 30. Claims can be submitted online or by mail, and payments will be distributed on a pro rata basis once the settlement receives final judicial approval. Submitting a claim waives the right to sue the participating companies over these specific allegations.

(Source：Google News)

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