All persons and entities who during the Settlement Class Period indirectly purchased for business use in commercial food preparation in the United States, from any of the Defendants or their respective subsidiaries and affiliates, boxed or case-ready Beef processed from Fed Cattle, excluding ground beef made exclusively from culled cows.

The Settlement Class Period is from January 1, 2015, to May 25, 2023.

This class action is called In re Cattle and Beef Antitrust Litigation (Commercial and Institutional Indirect Purchaser Plaintiff Action), Case No. 22-md-3031 and is pending in the United States District Court for the District of Minnesota. Indirect Purchasers claim that Defendants and their co-conspirators engaged in acts to limit the supply, and fix the prices, of beef sold to members of the Settlement Class in the United States.

Indirect Purchaser Plaintiffs have reached a Settlement with JBS. However, the case is still proceeding against other Defendants, which may result in separate settlements, judgments, decisions or class certifications.

Defendants are producers of beef products in the United States. They include JBS USA Food Company, Swift Beef Company, JBS Packerland, Inc., JBS S.A., Cargill, Inc., Cargill Meat Solutions Corporation, National Beef Packing Company, Tyson Foods, Inc., and Tyson Fresh Meats, Inc. Defendants deny all allegations.

A settlement has been reached with JBS for $25,000,000, which is subject to court approval. If approved, it will resolve all Settlement Class members’ claims against JBS as detailed in the settlement agreement. JBS will also provide certain cooperation in the continued prosecution of the litigation.