McDonald’s sues major beef producers for price-fixing
In May, as McDonald’s continued to swat down lingering rumors that the chain was asking an exorbitant $18 for a Big Mac meal at locations across the country, company president Joe Erlinger wrote an open letter to Golden Arches customers,
McDonald’s claims beef suppliers — including Tyson — fixed prices in explosive antitrust suit
The burger-and-fries giant claimed the beef suppliers agreed to manipulate and fix prices at “supracompetitive levels,” the suit said.
McDonald’s sues Cargill, other beef suppliers for alleged price-fixing
McDonald’s says Cargill, JBS, Tyson and National Beef secretly worked together over the past decade to limit supplies of cattle and fix prices, according to a federal lawsuit filed this month. Those “Big Four” meatpackers collectively control 85% of the beef industry in the U.S.
McDonald's sues top meat packers for allegedly colluding to inflate the price of beef
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 is suing Tyson Foods for allegedly choking the beef supply chain to raise prices
McDonald’s claims the companies, including Cargill and National Beef Packing, systematically reduced production levels starting on January 1, 2015, in order to “artificially” drive up market prices. With significant control over the cattle and beef industry, the companies could manipulate prices at their will, the lawsuit says.
McDonald's sues major beef producers in US price-fixing lawsuit
McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices.
McDonald’s accuses meatpackers of price-fixing in lawsuit over beef costs
McDonald’s has sued the four biggest beef producers in the US, alleging they conspired to drive up the price of meat paid by the world’s largest burger chain. The lawsuit filed in federal court in New York follows similar litigation brought by cattle ranchers and supermarkets as well as federal probes into US cattle and beef markets.
McDonald's Is Suing Major Beef Suppliers For Alleged Price-Fixing
McDonald's is suing major meat packing companies under the pretense of an alleged beef pricing conspiracy, which could be affecting the price of your Big Mac.
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