Lawsuit filed against Hormel Foods Corp.

A federal lawsuit filed in Minnesota alleges Hormel Foods Corp. and other companies colluded to inflate consumer pork prices.

Posted: Jun 28, 2018 10:50 PM

MINNEAPOLIS (AP) - A federal lawsuit filed in Minnesota alleges Hormel Foods Corp. and other companies colluded to inflate consumer pork prices.

The proposed class-action lawsuit was filed Thursday. Defendants included Hormel , based in Austin, Minnesota, and eight other companies, including Tyson Foods , JBS USA and Smithfield Foods .

The law firm bringing the case, Seattle-based Hagens Berman , contends the alleged price-fixing forced consumers to pay high prices for bacon, ham and other pork products.

The lawsuit alleges the companies coordinated their output and limited production "with the intent and expected result of increasing pork prices in the United States," and also exchanged "competitively sensitive" and "closely guarded non-public information" about prices, capacity, sales volume and demand.

Hormel said in a statement to the Star Tribune the company intends to "vigorously defend this lawsuit."

Article Comments

Mason City
Clear
55° wxIcon
Hi: 75° Lo: 55°
Feels Like: 55°
Albert Lea
Clear
55° wxIcon
Hi: 74° Lo: 56°
Feels Like: 55°
Austin
Scattered Clouds
59° wxIcon
Hi: 76° Lo: 58°
Feels Like: 59°
Charles City
Clear
57° wxIcon
Hi: 74° Lo: 56°
Feels Like: 57°
Rochester
Overcast
57° wxIcon
Hi: 73° Lo: 55°
Feels Like: 57°
Tracking a nice start to the weekend with storms returning overnight Sunday
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Chris' PM Weather Forecast 8/23

Image

Senator Jodi Ernst continues her statewide tour

Image

Pannekoeken is set to open in a new location

Image

Mayo Nurse Exchange Program

Image

Second Chance at a Healthy Smile

Image

Bus Stop Shelter

Image

Tackling Traffic Congestion

Image

Back To School Eye Exam

Image

School Bullying

Image

Raising Money For Immigrant Children

Community Events