Idaho frozen french fry manufacturers sued for price fixing, forming potato ‘cartel' [Yahoo! Finance]
Lamb Weston Holdings, Inc. (LW)
Last lamb weston holdings, inc. earnings: 4/1 08:30 am
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Source: Yahoo! Finance
Simplot and Eagle potato producer Lamb Weston were among four companies sued Friday in U.S. District Court in Illinois for conspiring to artificially raise prices of frozen potato products, including french fries, hash browns and tater tots, according to the lawsuit. McCain Foods and Cavendish Farms, both headquartered in Canada, are also named in the lawsuit. Together, the four companies control over 97% of the frozen potato product market in the U.S. — a $68-billion-per-year industry, the lawsuit said. The lawsuit, brought by Redner's Markets , an employee-owned supermarket chain based in Pennsylvania, on behalf of itself and others, accuses the companies of illegally coordinating an effort to implement lockstep price increases since at least 2021 in violation of the Sherman Act , a federal law that prohibits anticompetitive agreements and conduct that monopolizes or attempts to monopolize a certain market. Lamb Weston denies the lawsuit's allegations, and Simplot says it comp
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- Running on Ice: Drones cozy up to cold warehousing [Yahoo! Finance]Yahoo! Finance
- A ‘potato cartel' conspired to make your frozen fries 47% more expensive, lawsuits claim [Yahoo! Finance]Yahoo! Finance
- A ‘potato cartel' conspired to make your frozen fries 47% more expensive, lawsuits claim [Fortune]Fortune
- Lawsuits accuse ‘potato cartel' of price-gouging shoppers [Yahoo! Finance]Yahoo! Finance
- Lawsuits target ‘potato cartel' enabled by price data aggregators [Yahoo! Finance]Yahoo! Finance
LW
Earnings
- 10/1/24 - In-Line
LW
Sec Filings
- 11/12/24 - Form SC
- 11/5/24 - Form 4
- 10/31/24 - Form 144
- LW's page on the SEC website