It’s about time to bring home the bacon.
Eight major pork producers — including massive meat processor Tyson — are settling claims that it violated antitrust laws by unlawfully raising prices.
The lawsuit alleges that the major meat processors used Agri Stats — a data and consulting company — to exchange competitively sensitive information about pork prices, production and costs, which ultimately allowed the brands to monitor their competitors and then coordinate pricing and supply.
The supposed move made prices more expensive for consumers across the board.
The Justice Department alleged that Agri Stats unlawfully organized these information…
Read the full article at NYPOST.COM
