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Tyson Foods price-fixing probe ends

Post a commentBy Oscar Rousseau , 29-Aug-2017

A price fixing investigation into Tyson Foods has been dropped
A price fixing investigation into Tyson Foods has been dropped

An investigation into allegations of chicken price fixing by meat giant Tyson Foods has been dropped by the US Securities and Exchange Commission (SEC). 

Tyson Foods received a letter for the SEC on 22 August 2017 stating that the federal government agency had concluded its investigation of the meat processor.

SEC staff said in the letter that based on the information the agency had gathered so far, Tyson Foods would not be facing any enforcement action.

Back in February 2017, Tyson Foods confirmed that it was facing an investigation from the SEC over allegations of poultry price-fixing.

The claims date back to 2008 where broiler chicken producers allege that a number of meat processors, including Tyson Foods and Pilgrim’s Pride, colluded with one another to manipulate prices.

Tyson Foods has acknowledged the letter but not commented on the issue.

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