Hormel settles pork price-fixing lawsuits for $11 million
Hormel settles pork price-fixing lawsuits for $11 million
The deals end three class-action lawsuits brought by restaurants, wholesalers and consumers.
Hormel Foods will pay more than $11 million to settle class-action lawsuits alleging the company worked with other pork producers to illegally fix prices and overcharge customers, according to court records.
The proposed settlements, filed in federal court in Minneapolis last week, will see the Austin, Minn.-based food company end the litigation without admitting fault.
Hormel will pay $2.4 million to institutional customers like restaurants and delis; $4.8 million to wholesalers and other direct purchasers; and $4.4 million to consumers, if a federal judge approves the agreements.
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Someone, or several of them, need to start going to jail for this shit. This slightly cuts into their profits and the only lesson they’re learning is how to avoid getting caught next time.
Exactly. And ditto on many more instances of these settlements across a wide range of businesses and individuals.