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SETTLEMENT AGREEMENT I General Purpose - old pork 2026

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The document is a Settlement Agreement between the Michigan Pork Producers Association, National Pork Producers Council, and other parties with the USDA. It aims to resolve litigation by establishing that the National Pork Board should operate independently from the NPPC while the Pork Checkoff Program is in effect. The agreement includes specific provisions for governance, staffing, and financial management of the Board, ensuring separation from NPPC's influence. It also outlines conditions for future evaluations and potential referendums regarding the program.

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Click ‘Get Form’ to open the SETTLEMENT AGREEMENT I General Purpose - old pork in our editor.
Begin by reviewing the introductory section, which outlines the parties involved. Ensure that all names and titles are accurate.
Move to the 'Guiding Principle' section. Here, confirm that you understand the independence of the National Pork Board from NPPC as stated.
In the 'Specific Agreements' section, fill in any required fields regarding rules for selecting producers and importers. Pay attention to details about employment opportunities and contract management.
Proceed to the 'Miscellaneous Agreements' section. Ensure all parties acknowledge their understanding and agreement by signing where indicated.
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What is the pork class action lawsuit?

This class action alleges Defendants and their co-conspirators conspired and combined to fix, raise, maintain, and stabilize the price of Pork products, as of January 1, 2009, with the intent and expected result of increasing prices of Pork products in the United States, in violation of federal and state consumer and

How much is the settlement for the pork lawsuit?

Tyson, Clemens, and Triumph Agree to $64 Million Settlement in Pork Price-Fixing Case. Three major pork companies Tyson Foods, Clemens Food Group, and Triumph Foods have agreed to pay a combined $64 million to settle claims they conspired to fix pork prices.

How much is a settlement for a class action lawsuit?

The average class action lawsuit payout per person varies widely, typically ranging from $20 to $500, depending on the case. Large settlements, such as those in consumer fraud or antitrust cases, may provide $1,000 or more per claimant.

What is the Smithfield pork lawsuit?

Pork consumers $75 million price-fixing with Smithfield approved. April 12 (Reuters) - A U.S. judge on Tuesday approved a $75 million settlement between Smithfield Foods Inc and a class of consumers who accused the pork producer of conspiring to restrict supply in order to keep prices artificially high.