Tyson, Cargill to Pay $88 Million in Beef Price-Fixing Settlement
Tyson, Cargill to pay $88 million to consumers in beef price-fixing lawsuit, a settlement that feels like a small dent in a much larger problem. It’s hard not to feel a mix of frustration and cynicism when you hear about these kinds of agreements. On the one hand, it’s good that some money is going back to consumers who were likely overcharged for their beef. On the other hand, $88 million just doesn’t seem like much when you consider the potential scale of the price-fixing and the immense profits these companies likely made from it.
The whole situation seems to be a recurring theme.… Continue reading
Matt Underwood