The hits just keep coming for Indiana consumers. First, major grocery retailer Kroger admits to price-gouging. Then, a multi-state investigation finds major dollar stores guilty of price discrepancies and overcharges, and now, this.
If you purchased beef products anytime between August 1, 2014 and December 31, 2019 you could be entitled to cash payments from this settlement.
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Two major U.S. meat suppliers have agreed to a repayment settlement worth $87.5 million due to suspicions of price-fixing. According to Top Class Actions,
The beef price-fixing class action lawsuit claims several beef processors, including Tyson Foods, Cargill, JBS, National Beef and others, entered into a market allocation agreement and stopped competing against each other for market share. This agreement allegedly raised the price of beef products, causing consumers to pay more than they should have.
As if times aren’t already hard enough! Does corporate greed know no bounds?
For their part of the settlement Tyson has agreed to pay out $55 million, while Cargill agreed to $32.5 million. However, it is important to note, as Top Class Actions adds,…