8-million settlement proposed in national beef price-fixing class-action
VANCOUVER — Canadians who bought beef after 2015 could be eligible for a share of nearly $8 million as part of a proposed settlement with companies over allegations of price fixing.
Canadian Pressabout an hour ago43 minutes ago
VANCOUVER — Canadians who bought beef after 2015 could be eligible for a share of nearly $8 million as part of a proposed settlement with companies over allegations of price fixing.
A statement from multiple Canadian law firms says JBS USA Company, Swift Beef Company, JBS Packerland Inc., and JBS Canada ULC have agreed to pay $7.49 million while National Beef has agreed to pay $495,000.
The deal still needs to be approved by the courts and is not considered an admission of wrongdoing by the companies.
The class-action lawsuit was filed in 2022 alleging that companies that sell beef were involved in an unlawful conspiracy involving the supply or price of beef sold in Canada.