Bought beef? You have just days to file a claim in $87.5 million settlement

(NEXSTAR) — The deadline to claim part of an $87.5 million settlement over beef products sold in more than half the U.S. over a five-year period is coming up this week.

An antitrust class action lawsuit was previously brought against “several beef processors,” including Tyson Foods, Cargill, National Beef, and JBS, by a group of consumers. The companies were accused of entering “into a market allocation agreement” that allowed them to “stop competing against each other for market share.”

Through the agreement, the beef processors could “increase their margins and increase the price consumers paid for beef,” a press release issued by the U.S. District Court for the District of Minnesota explained.

While they haven’t admitted any wrongdoing, and the court has not ruled that they did anything wrong, Foods and Cargill have agreed to settlements of $55 million and $32.5 million, respectively, to resolve the claims. The combined $87.5 million will contribute to cash payments for customers who purchased any of the more than 280 types of beef outlined in the settlement.

Do you qualify for the ‘Overcharged for Beef’........

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