Mountaire Farms and Koch Meals are the 2 most up-to-date poultry corporations to achieve settlements in a lawsuit that alleges that the nation’s largest integrators conspired to restrict provide and drive up the value of hen.
In response to a courtroom doc, the 2 corporations and a category of end-user plaintiffs reached an settlement in precept “to settle all claims on this motion.”
The doc was filed in the USA District Courtroom for the Northern District of Illinois Jap Division on July 23. The doc was filed by legislation companies Hagens Berman Sobol Shapiro and Cohen Milstein Sellers & Toll on behalf of the plaintiffs. The settlement was additionally made on behalf of Koch Meals-affiliated corporations JCG Meals and Koch Meats.
Mountaire Farms’ and Koch Meals’ selections to supply to settle observe related transfer made earlier this month by O.Okay. Meals. The identical two legislation companies filed paperwork regarding that proposed settlement.
A settlement within the case doesn’t signify an request for forgiveness, defendant corporations have persistently mentioned all through the authorized course of of those antitrust fits. The case dates again to 2016.
Mountaire Farms and Koch Meals, in response to the newest WATTPoultry.com High Poultry Firms survey, are respectively the fourth and sixth largest broiler producers within the United States.