Tyson has reached an $82.5 million settlement in a lawsuit regarding beef price-fixing.

Tyson Foods has reached an $82.5 million settlement to resolve a class action lawsuit from grocers and distributors alleging that the company illegally inflated beef prices for years. This lawsuit also implicated Cargill and JBS in a price-fixing conspiracy from 2015 to 2021. Tyson's settlement, which includes payments to claimants like Redner’s Markets, awaits judicial approval. This agreement is part of a broader trend where meat companies are settling numerous lawsuits related to price manipulation across beef, pork, and chicken markets.