Agri Stats and Triumph Settlements

Settlements have been reached in a class action antitrust lawsuit filed on behalf of Commercial and Institutional Indirect Purchaser Plaintiffs with Triumph, LLC (“Triumph”) and Agri Stats, Inc. (“Agri Stats”) (together, “Settling Defendants”). These Settlements only apply to the Settling Defendants in the case entitled In re Pork Antitrust Litigation (Commercial and Institutional Indirect Purchaser Actions), Case No. 0:18-cv-01776 (D. Minn.).

If approved by the Court, the Settlements will resolve a lawsuit alleging that Settling Defendants combined and conspired in restraint of trade, the alleged purpose and effect of which was to suppress competition and to allow Settling Defendants and other Pork producers to charge supra-competitive prices for Pork products during the Settlement Class Period, in violation of federal and state laws. If approved, the Settlements will avoid litigation costs and risks to Commercial and Institutional Indirect Purchaser Plaintiffs and Settling Defendants and will release Settling Defendants from liability to members of the Settlement Classes.

Agri Stats has agreed to certain non-monetary relief but has not agreed to pay any money. Triumph is required to pay $700,000. In addition to this monetary benefit, Triumph has also agreed to certain non-monetary relief and to provide specified cooperation in the Commercial and Institutional Indirect Purchaser Plaintiffs’ continued pursuit of the lawsuit. There will be no payments to the Settlement Classes at this time. You will be notified later of an opportunity to file a Claim Form.

Recently, notice was provided because the Court established or “certified,” the lawsuit as a class action. In 2021, notice was provided regarding a settlement with Defendants JBS USA Food Company, JBS USA Food Company Holdings, Swift Pork Company, and related or affiliated entities (“JBS”). In 2022, notice was provided regarding a settlement with Defendant Smithfield Foods, Inc. and related or affiliated entities (“Smithfield”). In 2024, notice was provided regarding a settlement with Defendant Seaboard Foods LLC and related or affiliated entities (“Seaboard”) and with Defendant Hormel Foods Corporation and Hormel Foods, LLC and related or affiliated entities (“Hormel”). In 2025 and 2026, notice was provided regarding a settlement with Defendants Clemens Food Group, LLC, The Clemens Family Corporation and related or affiliated entities (“Clemens”) and with Defendant Tyson Foods, Inc., Tyson Prepared Foods, Inc., and Tyson Fresh Meats, Inc. (“Tyson”). The Notice is for the Triumph and Agri Stats Settlements, new settlements within the same lawsuit. You may be a member of the Settlement Classes.

The Court has not decided whether Settling Defendants did anything wrong, and Settling Defendants deny any wrongdoing and continue to deny the allegations in the Commercial and Institutional Indirect Purchaser Plaintiffs’ complaint. Your legal rights are affected whether you act or do not act. Please read the notice carefully.

Your Legal Rights and Options in the Agri Stats and Triumph Settlements

Legal Rights:		Deadline:
Object	Write to the Court about why you do not like the Settlement.	Postmarked by: September 25, 2026
Attend A Hearing	Ask to speak to the Court about the fairness of the Settlement.	Notice of Appearance September 25, 2026
Do Nothing	You may be eligible to participate in any monetary distribution, which may happen later. The Settlements will resolve your legal claims against Settling Defendants, and you will give up your rights to sue Settling Defendants about the Released Claims (as defined in the Settlement Agreements). You will be bound by the judgments.

These rights and options are explained further on the FAQ page.