Hormel, Tyson facing class action suit over worker compensation

Justin Sullivan/Getty Images News

• A federal judge in Colorado said that a proposed class action suit against Hormel Foods (NYSE:HRL), Tyson Foods (NYSE:TSN), JBS (OTCQX:JBSAY), and other meat processors regarding allegations of a conspiracy to suppress workers wages can proceed.
• Judge Philip Brimmer said that the companies exchanged information on future pay instead of just current wages, creating a "plausible inference" of intent to fix compensation, Reuters reported.
• The companies had argued that the plaintiffs had failed to provide direct or circumstantial evidence of a conspiracy. Brimmer also rejected their argument that the complaint should be tossed because a time limit on bringing an antitrust claim had elapsed.

More on Hormel Foods, Tyson Foods

• Hormel Feeds The Bears Some More
• Tyson Foods Is Still A Buy
• Tyson Foods, Perdue Farms under scanner over child labor - report
• Tyson's got too many chickens

Comments

[warshack]

I sometimes wonder how many people are being physically forced to work at a particular job......

[Mark Foeller]

Gee, I thought companies publicly shared "forward-looking" plans and projections all the time. That's now grounds for class-action suits?

[Bruce Bohannon]

Not good. Thanks SA!