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Alaska seeks more than $1 billion in price-fixing lawsuit targeting large US poultry producers and distributors


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JUNEAU The Alaska Department of Law is seeking more than $1 billion from 21 businesses involved in the poultry industry, accusing them of operating a cartel and illegally inflating the price of most chicken sold in the state.
The state filed a consumer-protection lawsuit against the nation’s largest poultry producers, poultry distributors, and some poultry pricers late last month, according to court documents.
The case was filed in state court, and Alaska is pursuing it unilaterally, though similar cases have been filed nationwide.
The lawsuit involves broiler chickens, which account for 98% of all chicken sold in the United States. ....

United States , Maria Bahr , Fosler Law Inc , Tyson Foods , Alaska Department Of Law , Nix Patterson , Alaska Department , ஒன்றுபட்டது மாநிலங்களில் , மரியா பஹ்ர் , டைசன் உணவுகள் , அலாஸ்கா துறை ஆஃப் சட்டம் , நிக்ஸ் பேட்டர்சன் , அலாஸ்கா துறை ,

Shareholders sue over Exxon stock drop despite rebound


Karl Rupp | Nix Patterson
DALLAS (Legal Newsline) – Shareholders of ExxonMobil have filed a class action lawsuit about its return on its Permian Basin assets.
The plaintiffs firms Nix Patterson and Kessler Topaz filed suit Feb. 17 in Texas federal court against the company, months after they say a Wall Street Journal report cited employees who said the company’s $60 billion valuation of an area of the basin was inflated by $20 billion.
Exxon stock fell $2.42 during the class period – a 5% drop to $47.89 per share on Jan. 15. By Feb. 24, the company’s stock had rebounded – and then some – to $55.10 per share.
“(T)he company’s aggressive production goals in the Permian Basin were unrealistic and overly optimistic,” the lawsuit says. “The company therefore faced an increased risk of heightened regulatory scrutiny.” ....

United States , Exchange Commission , Nix Patterson , Legal Newsline , Permian Basin , Kessler Topaz , Wall Street Journal , Dallas Division Of The Northern District Texas , ஒன்றுபட்டது மாநிலங்களில் , பரிமாற்றம் தரகு , நிக்ஸ் பேட்டர்சன் , பெர்மியன் பேசின் , கெஸ்லர் புஷ்பராகம் , சுவர் தெரு இதழ் , டல்லாஸ் பிரிவு ஆஃப் தி வடக்கு மாவட்டம் டெக்சாஸ் ,