McDonald’s hit with lawsuit alleging AI-powered menu price-fixing

McDonald’s hit with lawsuit alleging AI-powered menu price-fixing

McDonald’s has been sued in federal court in Chicago in a proposed nationwide class action alleging the fast-food company illegally coordinates menu prices across its franchises and company-owned restaurants through an AI-powered pricing system. The lawsuit, filed on Friday, said McDonald’s violated US antitrust law by conspiring with independent franchisees to fix prices using algorithms … Read more

College students get first payout in $284M financial aid price-fixing settlement

College students get first payout in 4M financial aid price-fixing settlement

College students should soon be receiving the first batch of payments in a $284 million settlement with prestigious American universities accused of colluding to fix financial aid offerings. A 2022 federal class-action lawsuit alleged 17 elite institutions engaged in “a price-fixing cartel” that reduced financial aid packages for students, effectively overcharging them “by at least … Read more