Hormel settles pork price-fixing suits for $11 million [Yahoo! Finance]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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Source: Yahoo! Finance
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. The deal "provides compensation that will be available years earlier than if litigation against Hormel Foods continued through trial and appeal," according to one of the settlements. Lawsuits launched in 2018 allege the companies that control a majority of the nation's pork supply conspired for years to artificially constrict pork supplies to boost prices in violation of antitrust law. The companies did so, according to the complaints, by relying on data gathered and shared by Indiana-based Agri Stats, which the Department of Justice sued last fall. The pork companies deny the claims, and several — inc
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HRL
News
- Makers of the HORMEL® NATURAL CHOICE® Brand Reintroduce Chicken and Roast Beef Varieties to Portfolio of Delicious Deli Products [Yahoo! Finance]Yahoo! Finance
- Makers of the HORMEL® NATURAL CHOICE® Brand Reintroduce Chicken and Roast Beef Varieties to Portfolio of Delicious Deli ProductsPR Newswire
- Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative Affairs [Yahoo! Finance]Yahoo! Finance
- Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative AffairsPR Newswire
- With Summertime Parties on the Horizon, the Makers of the HORMEL GATHERINGS® Brand Introduce Summer-Themed Hard Salami & Pepperoni Tray [Yahoo! Finance]Yahoo! Finance
HRL
Earnings
- 2/29/24 - Beat
HRL
Sec Filings
- 4/8/24 - Form 144
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- HRL's page on the SEC website