Hormel Foods has agreed to pay three classes of Plaintiffs in a suit alleging collusion on pork prices. Commercial indirect purchasers will receive $2.4 million, direct pork purchasers, $4.8 million and consumer indirect purchasers, $4.5 million.
Collectively, there were 146 claimants in 27 cases that were consolidated during December 2022.
The settlement by Hormel Foods follows a June agreement by Seaboard Foods to pay the class of direct purchasers $9.8 million to settle the lawsuit.