Class Action On Alleged Beef Price Fixing Conspiracy
A class action has been filed against four major beef processors in Canada and the United States regarding an alleged beef price-fixing conspiracy.
The lawsuit targets U.S. beef processors and their Canadian subsidiaries, Cargill, JBS Food Company, Tyson Foods and National Beef Packing Company.
These beef giants, which control 85% of the Canadian market and 80% of the U.S. market, have reportedly been plotting since at least 2015 to fix the price of beef.
“In this time of high inflation, it is unacceptable to make the price of beef even more expensive than it already is. This situation affects everyone who buys this meat,” deplores Sylvie De Bellefeuille, lawyer and budget advisor at Option consommateurs.
According to Statistics Canada, the price of beef has risen by 16.8% over the past year in grocery stores.
Anyone who has purchased beef in Quebec since January 1, 2015 is covered by this legal action.
This class action has not yet been authorized by the court. Therefore, there is nothing for affected members to do at this time.
For more information, please visit the Belleau Lapointe website.