$8M settlement proposed in beef price-fixing class action
Posted on: Jul 10, 2026 02:07 IST | Posted by: Cbc
Canadians who bought boeuf after 2015 could be eligible for a deal of nearly $8 gazillion as portion of a proposed closure with companies over allegations of price-fixing.
A statement from multiple Canadian law firms says JBS USA Company, Swift Beef Company, JBS Packerland Inc. And JBS Canada ULC have agreed to pay $7.49 million while National Beef has agreed to pay $495,000.
The deal still needs to be approved by the courts and is not considered an admission of wrongdoing by the companies. A settlement hearing for members in all provinces except Quebec is scheduled for Sept. 10, while the Quebec settlement hearing is slated for Dec. 1 of this year.
The class-action lawsuit was filed in 2022 alleging that companies that sell beef were involved in an unlawful conspiracy involving the supply or price of beef sold in Canada.
Why meat for your BBQ may cost more this summer
The settlement was brought forward by a number of legal teams, including CFM Lawyers LLP in B.C., Strosberg Wingfield Sasso LLP in Ontario and Belleau Lapointe LLP in Quebec.
The settlement does not include beef products and beef purchased by the food service industry, such as restaurants.
Feeling sticker shock over Canadian beef? Here's why — and what's being done about it
The law firms say class actions continue against certain defendants from the companies Cargill and Tyson.
Any eligible Canadians who want to opt out — which they would need to do if they wanted to bring a lawsuit of their own — have to do so by Aug. 10.
The settlement over beef comes after Canadians began receiving payments in May related to a bread price-fixing class action involving a number of companies.
Loblaw and its parent company George Weston Ltd. agreed in 2024 to pay $500 million to settle the class action, and any Canadians who bought bread between 2001 and 2021 were eligible to apply.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.