Class-Action Settlement Offers $117 Million to Consumers Over Pork Prices

Millions of Americans who bought pork products could be eligible for a portion of a $117 million class-action settlement aimed at resolving allegations that pork prices were artificially inflated. The settlement impacts consumers who indirectly purchased qualifying raw pork products between June 28, 2014, and June 30, 2018.

The case centers on claims that major pork processors allegedly conspired to limit supply and use industry data to manipulate the market, leading to higher prices for consumers. Products that may qualify include bacon, pork bellies, loins, shoulders, ribs, and pork chops.

Companies involved in the settlement include Agri Stats, Clemens, Hormel, Seaboard, Triumph, Tyson, and Smithfield, among others. These companies have denied the allegations. The settlement resolves the litigation without an admission of fault or a trial.

"The court has not ruled that the defendants did anything wrong, and the companies deny any allegations of wrongdoing," stated the settlement's official website.

Eligible consumers who submit a valid claim will receive a share of the total settlement amount. The final amount distributed to each claimant will depend on the total number of claims filed and the quantity of pork purchased by each claimant. Specific payout amounts per individual have not been determined.

The settlement covers consumers in 25 states, including California, Florida, Illinois, Michigan, and New York. However, certain products are excluded, such as organic pork, products labeled 'no antibiotics ever,' and some marinated, seasoned, flavored, or breaded pork items.

Consumers who believe they qualify have until October 29 to submit a claim. While the claim form asks for purchase information, proof of purchase such as a receipt is not required at the time of submission. However, the Settlement Administrator may request additional documentation to support a claim.

Upon submitting a claim online, claimants will receive a confirmation email with a unique code, which they are advised to keep. Claims can also be submitted by mail.

This settlement follows earlier settlements in the same case involving JBS and Smithfield, totaling $95 million, for which the claim deadline has already passed. Agri Stats has agreed to implement certain business practice changes as part of its settlement but is not contributing financially.