Class Action Lawsuit: Poultry Producers manipulated market
Maplevale Farms, one of the country’s leading food service providers, has brought a federal class action antitrust lawsuit against the country’s top poultry producers, alleging they conspired to hatch a plan to manipulate the supply of chicken to keep the price of the birds artificially high, harvesting bumper profits. According the complaint, at a time their input costs were falling – in particular, the prices of the corn and soybeans used to feed their chickens – the prices of broilers remained stubbornly high, relative to past “boom and bust” cycles. [node:read-more:link]