A judge has given tentative approval to a $52.5 million class action deal between Brazilian meatpacking giant JBS SA and wholesalers, who alleged the company took part in an industry wide beef price fixing scheme.
On Feb. 17, Judge John R. Tunheim granted preliminary approval to the deal in a Minnesota federal court, Bloomberg reports.
The multimillion dollar JBS beef settlement is the first in a wave of antitrust litigation against leaders in the meatpacking industry in the United States: Tyson Foods Inc., JBS SA, Cargill Inc. and National Beef Inc.
