Triumph Foods has announced another legal victory as the First Judicial District Court of New Mexico dismissed antitrust claims against the company. The resolution—agreed upon by the New Mexico Department of Justice—came at zero dollars, making Triumph Foods the only pork processor in the ongoing litigation to achieve such an outcome.
This dismissal follows a similar decision in May when the State of Alaska dropped its antitrust case against Triumph Foods, also with a zero-dollar resolution.
The litigation centered on allegations that pork processors used Agri Stats, Inc. to engage in price fixing across the U.S. pork industry. However, Triumph Foods has continued to emphasize its distinct position in the market.
“With this latest dismissal of claims, once again another court and state Attorney General recognized that our farmer-owned company is different than other processors in the industry wrapped up in this litigation,” said Matt England, President and CEO 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 theories alleged in any of the price fixing antitrust litigation.”
Triumph Foods stated that it remains confident additional dismissals or similar resolutions will follow, underscoring that there is no evidence to support the claims brought against the company.
