McCain, Lamb Weston among frozen-food firms facing price-fixing lawsuits [Yahoo! Finance]
Lamb Weston Holdings, Inc. (LW)
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Source: Yahoo! Finance
One of the lawsuits was filed by the grocery chain Redner's Markets in the US District Court in Illinois last Friday (15 November) implicating McCain, Lamb Weston, JR Simplot and Cavendish Farms. The four companies, along with Potatoes USA, also face the same accusations in a separate and second case brought by plaintiff Alexander Govea and “others similarly situated” in the same court on Sunday. “This is a price-fixing case against the four dominant processors of frozen French fries, hash browns, tater tots and other frozen potato products sold in the United States,” the court document read in relation to Redner's Markets. “Together, they control 97% or more of the $68 billion per year frozen potato products market.” Redner's Markets, the supermarket chain based in Reading, Pennsylvania, claims the alleged price-fixing dates back to “at least” the early part of 2021 and has “continued unabated to the present”. It suggested the four defendants “conspired” to fix prices “abo
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News
- Lawsuits target ‘potato cartel' enabled by price data aggregators [Yahoo! Finance]Yahoo! Finance
- Hot potato: Redner's lawsuit accuses companies of creating frozen french fry cartel [Yahoo! Finance]Yahoo! Finance
- Is Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- I tried 4 brands of premade mashed potatoes from the store, and there are only 2 I'd actually serve [Business Insider]Business Insider
- An Intrinsic Calculation For Lamb Weston Holdings, Inc. (NYSE:LW) Suggests It's 45% Undervalued [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