O.Ok. Meals and affiliated firms O.Ok. Farms and O.Ok. Industries have reached an settlement in precept to settle in a lawsuit in which U.S. poultry producers have been accused of limiting provide to drive up the value of hen.
In response to a courtroom doc filed on July 17 within the United States District Court docket for the Northern District of Illinois, O.Ok. Meals and its affiliated firms reached a settlement with the plaintiffs, a category representing finish customers of poultry merchandise.
“Per the events’ settlement, finish consumer client plaintiffs will transfer for preliminary approval, and finally, last approval of the proposed settlement within the close to future,” learn the doc, which was submitted by the co-lead counsel for the tip consumer client plaintiffs.
The 2 legislation corporations representing the category are Hagens Berman Sobol Shapiro and Cohen Milstein Sellers & Toll.
A settlement within the case doesn’t signify an admission of guilt, defendant firms have constantly mentioned all through the authorized course of of those antitrust fits.
Headquartered in Fort Smith, Arkansas, O.Ok. Meals is the 16th largest poultry producer in the USA, having processed 15.3 million kilos of ready-to-cook hen on a weekly foundation through the previous 12 months. It’s a subsidiary of Mexico-based Industrias Bachoco, the nation’s largest broiler producer.
