Smithfield Foods to pay $75 mln in pork price-fixing settlement [Financial Post (Toronto, Ontario, Canada)]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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Source: Financial Post
to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. Best baking tools, according to “The Icing Artist,” Canada's YouTube cake decorating star Advertisement A preliminary settlement was filed on Tuesday night with the federal court in Minneapolis, and requires approval by U.S. District Judge John Tunheim. The accord follows the judge's Sept. 14 approval of a similar $20 million settlement between consumers and JBS SA , one of Smithfield's largest rivals. Smithfield did not immediately respond to requests for comment after market hours. The Smithfield, Virginia-based company, a unit of WH Group Ltd, denied liability but settled to avoid the uncertainty, risk and cost of litigation, settlement papers show. Several companies have faced lawsuits in Minneapolis and Chicago also accusing them of inflating beef and chicken prices. In the pork litigation, Smithfield previously reached settlements of $83 million with so-called “direct” purchasers suc
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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