Sysco accuses some of the world’s largest meat companies of conspiring to inflate beef prices in a federal lawsuit filed in Houston
Sysco Corporation (SYY), a food service distributor that was founded in 1969 and is headquartered in Houston, filed a lawsuit in the Houston Federal Court on Friday, June 24, 2022. The complaint accuses some of the world’s largest meat companies of conspiring to inflate the price of wholesale beef in the United States as early as 2015.
The defendants include Cargill, Inc., Cargill Meat Solutions Corporation (A/K/A Cargill Protein A/K/A Cargill Protein - North America), JBS S.A., JBS USA Food Company, Swift Beef Company, JBS Packerland, Inc., National Beef Packing Company, Tyson Foods, Inc., Tyson Fresh Meats, Inc., which according to the lawsuit, the defendants “sold approximately 80 percent of the more than 25 billion pounds of fresh and frozen beef supplied to the U.S. market. Col...