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Beef Price Fixing Settlement Update | Montreal News

Beef Price Fixing Settlement Update | Montreal News

Published 5 days, 10 hours ago
Description

Beef buyers since 2015, take note: a potential $8 million settlement looms after JBS and National Beef face accusations of price-fixing in Canada. Filed in 2022, the class-action lawsuit alleges these companies colluded to limit supply and inflate prices. While the companies aren’t admitting fault, court approval is still pending—with hearings scheduled in BC and Quebec. Crucially, this settlement excludes restaurants and food service buyers. Stay tuned as courts decide how payouts will be distributed.

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