- 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.
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