Consumers Sue Leading Beef Manufacturers for Massive Antitrust Price-Fixing Scheme
A federal class-action lawsuit has revealed that a nationwide cartel of leading meatpacking manufacturers in the $100 billion beef industry forced consumers to pay high prices for steak, hamburgers and other beef products, according to the law firm bringing the case, Hagens Berman.
According to the lawsuit filed Apr. 26, 2019 in the U.S. District Court for the District of Minnesota, the price-fixing scheme has been carried out by the biggest names in the industry who control approximately 75 percent of the beef-packing market. read more »
How Do You Stop Facebook When $5 Billion Is Chump Change?
A trivial fine would mean the government isn’t just deferential to Facebook, but that it doesn’t truly understand its power.
It’s time for Facebook to pay up. Sort of.
On Wednesday, The Washington Post reported that the social network was in negotiations with the Federal Trade Commission over fines relating to the company’s misuse of user data in the Cambridge Analytica scandal. Around the same time, Facebook made it public that it was setting aside between $3 billion and $5 billion for the fine.
In Silicon Valley and Washington circles, the news kicked off an informal parlor game of “Guess That Fine,” with some speculating that even the high end of Facebook’s public estimate would be little more than a slap on the wrist. read more »
Boeing did not warn airlines of deactivated warning system, WSJ...
The Wall Street Journal reports that Boeing did not tell Southwest Airlines, its biggest 737 Max customer, that a safety feature designed to warn pilots about a malfunctioning sensor had been deactivated. The Journal also reports that investigators are looking into a dozen whistleblower complaints alleging safety problems with Boeing's 737 Max jets read more »