Exhibit 631 ยท SEC periodic report
U.S. Premium Beef, LLC, Form 10-Q for the quarter ended 26 September 2026 (Note 10, Legal Proceedings, describing National Beef Packing Company)
In September 2025, NBP received notice from the DOJ that it was closing the federal investigation, and then in November 2025 the DOJ initiated a new civil antitrust investigation.
USPB holds an interest in National Beef (NBP). NBP discloses that it is subject to a DOJ and roughly 30 state attorney general investigation of fed cattle and beef packing markets; on 16 July 2026 the District of Minnesota certified four classes (fed-cattle sellers, direct purchasers, commercial and institutional indirect purchasers, consumer indirect purchasers) and denied two; the Eighth Circuit granted Rule 23(f) review; NBP "believes it has meritorious defenses"; on 28 September 2026 DOJ filed a statement of interest objecting to pending wage-fixing settlements for lack of injunctive relief.
- Source
- U.S. Premium Beef, LLC (SEC filing)
- Date
- 6 November 2026
- Quoted from
- Note 10, Legal Proceedings
- Grade
- Primary record
- Document
- https://www.sec.gov/Archives/edgar/data/1289237/000168316826008383/uspb_i10q-092626.htm
- Accessed
- 2026-11-09
- Cited by
- Findings citing this exhibit
- Note
- National Beef does not file with the SEC; this is its minority owner's disclosure.