$221.5M to settle price-fixing case

Tyson Foods Inc., America’s biggest meat company, is paying $221.5 million to settle complaints over price-fixing allegations.

The Springdale, Ark.-based company said it reached an agreement to settle all class claims related to broiler chicken litigation, without admitting liability, according to a Wednesday regulatory filing. It follows Pilgrim’s Pride Corp.’s settlement of $75 million announced earlier this month.

The U.S. chicken industry, a $95 billion retail market, has been embroiled in litigation for years. Chicken buyers claim many of America’s top producers illegally propped up prices and constricted poultry production for years.