McDonald’s sues meat industry giants over alleged beef price fixing scheme

  • 📰 fox5ny
  • ⏱ Reading Time:
  • 20 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 51%

Lifestyle News

Food Drink,News,Money

McDonald's has filed a lawsuit against the nation's largest meat packers—Tyson, JBS, Cargill, and National Beef—accusing them of conspiring to fix beef prices by limiting supply to inflate costs.

McDonald’s has filed a lawsuit against some of the country's largest meat packers.The fast-food hamburger chain has filed a complaint against the meat industry's "Big Four" — Tyson, JBS, Cargill and National Beef Packing Company — and their subsidiaries, alleging a price fixing scheme for beef specifically.

Lawsuits filed by grocery stores, ranchers, restaurants and wholesalers have piled up over the years. Some litigation is still pending, although meat packers and processers have opened their wallets in the past.RELATED: Chipotle brings back 'Boorito' deal with $6 entrées – here's what to knowSuch settlements did not include admissions of wrongdoing, however.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 587. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines