A jury unanimously ruled in favor of three Midwestern cattle producers who bought a class action suit against Tyson, Cargill and Swift, ordering the companies to pay damages of $4 million, $3 million and $2.25 million respectively.A jury unanimously ruled in favor of upon the side of; favorable to; for the advantage of. See also: favor three Midwestern cattle producers who bought a class action suit against Tyson, Cargill and Swift, ordering the companies to pay damages of $4 million, $3 million and $2.25 million respectively. The cattlemen claimed that a pricing error made by the Department of Agriculture between April 2 and May 11, 2001 cost them a reported $43 million in lost revenue. The cattlemen claimed that the meatpacking meatpacking or meat-processing, wholesale business of buying and slaughtering animals and then processing and distributing their carcasses to retailers. The livestock industry is among the largest in the world. corporations knowingly used the pricing error to pay less for select cuts of beef. "While we're disappointed by the jury's decision, this case is not over and if the verdict is entered by the court we intend to appeal. As noted during the trial, our company was unaware of the USDA USDA, n.pr See United States Department of Agriculture. price reporting mistake until it was publicly announced. At all times we dealt fairly with cattle producers during the period in question, and paid all amounts agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy for cattle," Tyson spokesman Gary Mickelson said. |
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