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Smithfield Foods reaches $75M settlement in price-fixing case

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Smithfield Foods Inc. reached a $75 million settlement in a pork price-fixing lawsuit.

The Virginia-based company, a unit of China’s WH Group Ltd., denied liability but agreed to settle in the suit.

JBS SA, one of Smithfield’s largest rivals, earlier this month reached a similar $20 million settlement over alleged price fixing.

Read more from Reuters.

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