Tyson to pay over $200 million to settle class-action suit

Tyson Foods, the nation’s largest meat supplier, said it will pay more than $200 million to settle a class-action suit that alleged price-fixing among chicken producers, saying the agreement is in the best interests of the company and its stakeholders.

Tyson on Wednesday informed its shareholders of the settlement, which is pending court approval.

The Springdale, Arkansas-based company agreed to the $221 million deal.

The deal was reached class-action claims accused the chicken industry of purposely inflating the price of chickens sold for meat for at least eight years