Chicken Buyers Secure $ 93.5 Million Bids in Pricing Line

By J. Edward Moreno (Oct 1, 2021, 6:57 p.m. EDT) – Indirect commercial and institutional buyers reached three settlements totaling $ 93.5 million with Tyson Chicken, Pilgrim’s Pride Corporation and Mar-Jac Poultry, which were among the poultry giants who have been accused of engaging in a multi-year program to fix chicken prices.

Under proposed settlements filed Thursday, Tyson will pay $ 42.5 million, Pilgrim will pay $ 44 million, and Mar-Jac will pay $ 6 million to indirect buyers. This is the latest round of settlements in the long-standing multidistrict litigation, which dates back to September 2016.

The proposed category of indirect buyers in this regulation consists mainly of commercial food preparers such as restaurants, …

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