McDonald's sues top meat packers for allegedly colluding to inflate the price of beef
McDonald's sues top meat packers for allegedly colluding to inflate the price of beef
The fast food giant is suing Tyson, JBS, Cargill and National Beef Packing Company and their subsidiaries.
McDonald’s has some beef with today’s largest meat packers.
The fast food giant is suing the U.S. meat industry’s “Big Four” — Tyson, JBS, Cargill and National Beef Packing Company — and their subsidiaries, alleging a price fixing scheme for beef specifically. In a federal complaint, filed Friday in New York, McDonald’s accused the companies of anticompetitive measures such as collectively limiting supply to boost prices and charge “illegally inflated” amounts.
This collusion caused the beef market to become “a monopoly in which direct purchasers were forced to buy at prices dictated by (the meat packers),” McDonald’s suit reads — later noting that the injury it has sustained as one of those buyers is what “antitrust laws were designed to prevent.”
McDonald’s alleges that the meat packers’ conspiracy dates back nearly a decade, at least as early as January 2015, and continues today. Its suit argues these companies’ actions violate the Sherman Act, a federal antitrust law.
You're viewing a single thread.
Beef, the meat kept artificially cheap in the US by subsidies?
Well it's a lot like all the ISPs taking fucktons of money over 25 years to "roll out fiber" and then just basically pocketing the money.
Corporations are the real welfare queens.
Corporations are the real welfare queens.
not sure I'd say queens, perhaps parasites would best fit that sentence
Don't forget they did that several times!
At great expense to the health of the people and the climate
Beef, the meat kept artificially cheap
in the USby subsidies?FTFY, you are not alone in this stupidity. "Dutch Trump" Wilders got his votes because the government said that maybe the whole country should not be one big cattle farm.