Montreal.Citynews.Ca $8 Million Settlement Proposed in Canadian Beef Price-Fixing Case
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- •Settlement of $8 million proposed in beef price-fixing class action.
- •Major companies involved include JBS USA and National Beef.
- •Court approval is required, and no wrongdoing is admitted.
A proposed settlement has been reached with several meat companies accused of price-fixing beef in Canada. JBS USA Company, Swift Beef Company, and others have agreed to pay $7.49 million, while National Beef will contribute $495,000. The settlement, which requires court approval, does not imply any admission of wrongdoing. The class-action lawsuit was initiated in 2022, alleging that these companies conspired to fix beef prices and manipulate supply through secret communications. The case remains ongoing against other defendants, including Cargill and Tyson. Details on how Canadians can claim settlement funds are yet to be disclosed, with hearings scheduled for September and December 2026.
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