The State of Alaska agreed to fully dismiss claims along with a zero-dollar resolution with Triumph Foods, ending its pursuit of an antitrust case against the company that alleged pork processors used Agristats to engage in price fixing and suppression of the supply of pork products in the U.S., according to a release.
Triumph Foods is the only pork processor in this litigation to receive a zero-dollar resolution with a dismissal, the company shared.
“With this agreement to dismiss, the Attorney General recognized that our farmer-owned company is different than other processors in the industry wrapped up in this litigation,” Matt England, CEO of Triumph Foods, said in a release. “We do not own or control any hog production assets or sales, and Triumph Foods broke away from the rest of the industry in 2006 to open new plants and expand pork supply – which is the exact opposite of the theory alleged.”
Triumph Foods said this proposed dismissal is the second significant resolution for the company in the antitrust litigation against the industry. Plaintiffs also agreed to dismiss the company from a separate wage-fixing class action antitrust litigation against other large competitors. Triumph did not settle and plaintiffs requested that the court approve a full dismissal in exchange for Triumph’s cooperation, the company said.
“We look forward to dismissals or similar resolutions with other plaintiffs who have now had the chance to review discovery, as there is no evidence to support the claims against Triumph,” England said.
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