Canada Bread has agreed to pay $50 million after admitting to colluding with competitors in Canada’s bakery industry to fix bread prices. “Fixing the price of bread—a food staple of Canadian households—was a serious criminal offence,” said Commissioner of Competition Matthew Boswell in a June 21 release. “Our continuing investigation remains a top priority. We are doing everything in…
‘What Happens in Vegas Will No Longer Stay in Vegas’: Four Casinos Face Lawsuit for Allegedly Fixing Room Prices
A class-action lawsuit filed Wednesday against four of the largest gaming and hospitality companies in Las Vegas alleges that the businesses engaged in “an illegal price-fixing scheme to raise the cost of hotel rooms.” Rainmaker, a platform that is said to be used by roughly 90 percent of hotels in the Vegas strip, collects real-time…
CEOs of Meatpacking Giants Deny Price-Fixing Amid Soaring Food Prices
Congressional lawmakers questioned the chief executives of some of the biggest beef producers across the United States during a House hearing on Wednesday amid allegations that they engaged in unfair practices that drove down prices for cattle producers and increased the cost of meat for consumers. The CEOs of the four multinational corporations—National Beef Packing Company, JBS USA, Cargill,…
Pilgrim’s Pride Pleads Guilty to Chicken Price-Fixing Charge, to Pay $107.9 Million Fine
Pilgrim’s Pride Corp, one of the largest U.S. poultry producers, pleaded guilty and was sentenced to pay a $107.9 million fine on Tuesday to settle federal charges it conspired to fix chicken prices and passed on the costs to consumers and other purchasers. Chief Executive Fabio Sandri entered the guilty plea on the company’s behalf…
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