Hormel settles pork price-fixing lawsuits for $11 million
Hormel settles pork price-fixing lawsuits for $11 million
The deals end three class-action lawsuits brought by restaurants, wholesalers and consumers.
Hormel Foods will pay more than $11 million to settle class-action lawsuits alleging the company worked with other pork producers to illegally fix prices and overcharge customers, according to court records.
The proposed settlements, filed in federal court in Minneapolis last week, will see the Austin, Minn.-based food company end the litigation without admitting fault.
Hormel will pay $2.4 million to institutional customers like restaurants and delis; $4.8 million to wholesalers and other direct purchasers; and $4.4 million to consumers, if a federal judge approves the agreements.
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Fun fact, I work at a building that used to be a Hormel bacon slicing factory. They were the previous owners and we had to demo a bunch of their equipment.
Fun fact, I entered one of the grocery stores near me, and i observed Hormel products for sale. I thought to myself, “Wow, those are certainly Hormel products for sale.”
I’m making a joke of course, OP! 😀 Is there any more to your fun fact to share?
[b]EDIT:[/b] Adding a smiley face to this post, as the intention is that I'm making a joke.
They wanted to connect to this story through a personal experience. Don't be a jerk about it.
My bad - I made a joke, and let the OP know it was a joke. Perhaps I should have used a smiley face emoji to further communicate this was a joke.
I appreciate it's difficult to communicate emotion in text form when people read text without knowing what kind of person is behind the text, so I'll edit my post above by adding a smiley face in it.
I also asked if there was any more to this story they could add, rather than leaving us waiting for more information.