Federal Court Upholds Sysco’s Obligation in $50 Million Settlement with JBS Amid Price-Fixing Allegations

In a recent legal development, a federal court has determined that Sysco is unable to withdraw from a $50 million agreement with JBS. The deal was originally made for JBS’s exit from extensive litigation, which accused the company of participating in a scheme to fix the prices of poultry, beef, and pork. Notably, this decision comes despite Sysco having transferred its interest in the antitrust claims. More details on the ruling can be found in the Law360 article.