McDonald's fast food restaurant in New Jersey. Photo: Diego M. Radzinschi/ALM 'Ill-Gotten Gains'?: Cadwalader Alleges Beef Price-Fixing Conspiracy Hurts McDonald's
Global meatpacking companies have sold wholesale beef at "artificially high, noncompetitive levels throughout the United States" under an unlawful agreement, McDonald's alleges in an antitrust complaint filed by Cadwalader, Wickersham & Taft.
October 07, 2024 at 03:52 PM
2 minute read
What You Need to Know
- Cadwalader, Wickersham & Taft represents the Golden Arches in this antitrust lawsuit.
- The global fast-food restaurant accuses giant meatpackers of selling wholesale beef at artificially high prices.
- Cargill, JBS, Tyson Foods and National Beef are named as defendants in this complaint filed in Brooklyn federal court.
McDonald's has filed an antitrust lawsuit accusing Tyson Foods Inc. and other large meatpackers of conspiring to raise the wholesale price of beef in violation of the Sherman Act.
Represented by Cadwalader, Wickersham & Taft, the fast-food dining giant alleges it paid "artificially inflated prices" for its main hamburger ingredient and demands triple damages from the "world's largest meat processing and packing companies."
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