CALIFORNIA – Consumers in several U.S. states, including California, may be eligible to submit a claim in the $87.5 million beef price-fixing settlement.
According to the settlement website, the antitrust class action lawsuit claims that several beef processors—including JBS, Cargill, National Beef, and Tyson Foods—conspired to limit the supply of beef and increase prices in the market.
Consumers who purchased beef (fresh or frozen) made from chuck, loin, rib, or round primal cuts for personal consumption between August 1, 2014, and December 31, 2019, are eligible to submit a claim.
“Meat works like the mafia”
The world’s largest meatpacking companies, which control over 70 percent of the wholesale beef market, are accused of anticompetitive practices.
Court documents allege they conspired to underpay ranchers and inflate beef prices by restricting production.
According to insiders cited in court documents, much of the industry operates in a “gray area,” with one source saying, “meat works like the mafia.”
The scheme exploited the industry’s structure, where a few companies control slaughter and packing and often sell meat to each other.
Beginning in 2015, cattle prices fell while retail beef prices remained high, highlighting the alleged price-fixing.
Claims are due by June 30, 2026
The lawsuit seeks to address alleged anticompetitive conduct by meatpackers, harming both ranchers and shoppers.
Consumers included in the settlement can file a claim by June 30, 2026, to receive a pro-rata cash payment based on the amount of beef they purchased during the class period.
For those who want to opt out of the settlement and retain the right to sue Cargill and Tyson, requests are due by March 30, 2026.
For more information, visit https://www.overchargedforbeef.com/en
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