JBS USA has agreed to pay $20 million to consumers to settle a class-action lawsuit alleging the company of fixing pork prices since 2009. A federal judge approved the preliminary agreement and said the proposed settlement is "fair, reasonable, and in the best interests of the plaintiffs". ...
One reason the alleged price-fixing was so successful for so long is the concentration in the pork market. As the lawsuit notes, the top four pork processors increased their market share from 34 percent in 1988 to about 70 percent in 2015. High costs to enter the market also keeps out ne...
The star quant trader at the heart of a London poaching lawsuit between Jump Trading LLC and a hedge fund said it was impossible to remember the millions of lines of secret code and then take them to set up lucrative strategies at a rival. Lawyers for Damien Couture, who left Jump last ...