Pork Suppliers Price-Fixing Investigation
Zimmerman Reed is investigating allegations that the top pork suppliers conspired to raise pork prices since 2009. The companies are believed to comprise over 80% of the wholesale pork market. This alleged collusion resulted in restricting production and supply to raise prices.
If you bought pork products at wholesale or at retail anytime since 2009 and would like to learn more about your potential claim, you can fill out our free case review or call our firm at 1.800.887.8029 to learn more about our investigation.
Pork Price Inflation
According to the StarTribune, the four largest companies, Smithfield, Tyson, JBS, and Hormel, claim approximately 70 percent of the market. It is alleged that pork suppliers were granted sensitive, non-public information gathered from Agri Stats – a subscription-based company that aggregates benchmark reports on profits, prices, costs, and production levels for producers in the swine industry. Suppliers allegedly paid millions of dollars from 2009 to present to retrieve this information from Agri Stats. The information retrieved from Agri Stats is not information that is disclosed in a normal competitive market.
How We Can Help
Fortunately, antitrust laws allow you to stand up and take action. If you purchased pork products from the brands under investigation at any time since January 2009, you may have a claim for overpayment. If you would like to talk with our team about your potential claim, please give us a call at 1.800.887.8029 or fill out our free case review form.