Beefing Up a Settlement: Price Fixing Lawsuit's Latest Development The proposed settlement of nearly $8 million by four major beef companies in a class action lawsuit over price fixing allegations may seem like a minor issue for Canadian consumers.
However, digging deeper reveals a complex web of industry malfeasance and regulatory neglect. The settlement affects Canadians who purchased beef after 2015. JBS USA Company, Swift Beef Company, JBS Packerland Inc.
, and JBS Canada ULC will contribute $7. 49 million, while National Beef will pay $495,000. This is not an admission of wrongdoing but rather a calculated attempt by the companies to avoid further scrutiny.