$8-Million Settlement Proposed in National Beef Price-Fixing Class-Action
JBS and National Beef agreed to pay $7.99 million and cooperate with plaintiffs pursuing claims against other meatpackers.
- On Thursday, law firms CFM Lawyers, Strosberg Wingfield Sasso, and Belleau Lapointe announced a proposed settlement with JBS and National Beef Packing Company totaling nearly $8 million over an alleged beef price-fixing conspiracy in Canada.
- The 2022 class-action lawsuit alleges companies involved in supplying beef in Canada engaged in an unlawful conspiracy to fix prices, affecting consumers who purchased beef for personal or resale use since 2015.
- JBS agreed to pay $7.49 million to class members, while National Beef will contribute $495,000; the settlement excludes beef purchased from the food service industry, such as restaurants.
- The settlement awaits final court approval and constitutes no admission of wrongdoing by either company. Eligible Canadians must submit a written election by August 10, 2026, to opt out.
- Ongoing class actions continue against defendants from Cargill and Tyson, as both settling companies agreed to cooperate with plaintiffs pursuing claims against those non-settling parties.
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Following a class action lawsuit, an out-of-court settlement has been reached with Canadian meat companies accused of participating in an "illegal conspiracy" to fix the price of beef for consumption in Canada. They have agreed to pay $8 million, and you could be entitled to a piece of the pie. Also read: Prepaid credit card class action: Last chance to claim up to $100. In a press release issued this Thursday, July 9, the consortium of several …
$8-million settlement proposed in national beef price-fixing class-action – Energeticcity.ca
Various cuts of beef are seen in the meat section at an Atlantic Superstore grocery in Halifax, Friday, Jan. 28, 2022. THE CANADIAN PRESS/Kelly Clark VANCOUVER — Conner Macdonald says he’s watched for the last eight years as the price of beef climbed “astronomically,” as customers at the butcher shop where he works turned to chicken or pork, even on special occasions. “Even with Christmas and Thanksgiving and all the holidays, it’s harder for pe…
Canadian beef price-fixing settlement could put $8M in consumers' hands
A proposed settlement has been reached with some of the meat companies accused of conspiring to fix the price of beef for Canadian consumers. A statement from multiple Canadian law firms issued Thursday said JBS USA Company, Swift Beef Company, JBS Packerland Inc., and JBS Canada ULC have agreed to pay $7.49 million, while National Beef will pay $495,000. The deal still needs to be approved by the courts and is not considered an admission of wr…
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