Residents of 26 states can get their hands on part of a $87.5 million settlement on beef prices
The huge settlement comes with some caveats, with shoppers being given a deadline to make their claims
Residents in 26 U.S. states are now able to get their hands on a chunk of a huge $87.5 million settlement reached with some of the country’s biggest beef processors.
The mammoth settlement was reached after a group of consumers filed a lawsuit against Tyson Foods, Cargill, National Beef, and JBS, alleging they had formed a secret pact to “increase their margins.”
According to Overchargedforbeef.com, the website established for the settlement, three important conditions determine whether you qualify for a portion of the settlement, which was agreed to only by Tyson Foods and Cargill.
First, the beef products need to have been purchased from a grocery store or supermarket, not directly from the producer. Second, they must have been purchased for “personal consumption” on or after August 1, 2014, and on or before December 31, 2019.
Finally, the chunk, loin, rib, or round primal cuts, which could have been purchased fresh or frozen, needed to be purchased in one of 26 U.S. states.
The lengthy list of states includes Arizona, California, Florida, Illinois, Iowa, Kansas, Massachusetts, Maine, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, New York and North Carolina.
Meat bought in North Dakota, Oregon, Rhode Island, South Dakota, Tennessee, Utah, West Virginia and Wisconsin is also eligible for the deal.
However, premium beef cuts, including organic, grass-fed, Wagyu, and USDA Prime, are not included. Ground beef is also excluded from the deal, along with pre-cooked, marinated or seasoned cuts.
Neither of the two meat producers who agreed to the settlement has admitted to any wrongdoing. Tyson Foods contributed $55 million to the settlement fund, with Cargill contributing the remaining $32.5 million.
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According to the website dedicated to the antitrust class action lawsuit, the companies had allegedly entered into a “market allocation agreement" which allowed them to “stop competing against each other for market share.”
“The alleged purpose and effect of this agreement was to increase their margins and increase the price consumers paid for beef,” according to the lawsuit website.
Consumers have until June 30, 2026, to claim their share of the settlement if eligible. However, doing so comes with the caveat that they waive their right to sue either Cargill or Tyson Foods.
Opting out of the settlement allows consumers to maintain their right to sue the companies, but doing nothing also waives their right to sue either Tyson Foods or Cargill.
The final payout amount has not yet been confirmed, as it will depend on the total number of approved claims and the amount of beef purchased during the 2014-2019 period.
The form required to submit the claim is available on the Overchargedforbeef website.
The other companies named in the lawsuit have not agreed to be part of the settlement and remain part of the ongoing litigation.
The Independent has contacted Cargill, Tyson Foods, JBS, and National Beef for comment.
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