Monday, May 23, 2011

George's seeks to expedite antitrust lawsuit challenging Tyson purchase

Poultry processor George's Inc. is seeking to expedite a federal antitrust lawsuit stemming from the company's purchase of a Tyson Food Inc. poultry complex in Harrisonburg, Va.
According to George's, delaying the case could harm local poultry farmers. The company has said it intends to retain the majority of the complex's current employees and honor any contracts Tyson had with local poultry growers.
The suit was filed in U.S. District Court in Harrisonburg on May 10, with the Justice Department calling the deal unlawful under antitrust laws. "The department's lawsuit alleges that George's acquisition of Tyson's Harrisonburg chicken-processing facility would reduce growers' ability to receive competitive prices for their services," said Christine Varney, assistant attorney general in charge of the Department of Justice's Antitrust Division.

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