ST. JOSEPH, MO. — Triumph Foods confirmed on March 5 that the State of Alaska agreed to end an antitrust case against the company, which alleged that pork processors used Agri Stats to engage in price fixing and suppressing pork supply in the United States.
Triumph noted it is the only pork processor in this case to receive a zero-dollar resolution with the dismissal.
“With this agreement to dismiss, the Attorney General recognized that our farmer-owned company is different than other processors in the industry wrapped up in this litigation,” said Matt England, chief executive officer of Triumph Foods. “We do not own or control any hog production assets or sales, and Triumph Foods broke away from the rest of the industry in 2006 to open new plants and expand pork supply — which is the exact opposite of the theory alleged.”
The recently proposed dismissal became the second resolution for Triumph in antitrust litigation against pork companies. The plaintiffs also agreed to dismiss the company from a separate wage-fixing class action antitrust litigation against other large competitors. The case was in the Colorado district court.
For that litigation, Triumph did not settle, and the plaintiffs required the court to approve a full dismissal in exchange for cooperation with Triumph.
“We look forward to dismissals or similar resolutions with other plaintiffs who have now had the chance to review discovery, as there is no evidence to support the claims against Triumph,” England said.