McDonald's hit with class action over menu prices
Reuters2026/10/05 18:38By Mike Scarcella WASHINGTON, Oct 5 (Reuters) - McDonald's MCD.N has been sued in federal court in Chicago in a proposed nationwide class action alleging the fast-food giant illegally coordinates menu prices across its franchises and company-owned restaurants through an AI-powered pricing system. Here are the details: The lawsuit, filed on Friday, said McDonald’s violated federal antitrust law by conspiring with independent franchisees to fix prices using algorithms that are trained on nonpublic data. The plaintiffs said they are suing on behalf of a class of potentially millions of McDonald’s customers "Independent businesses must set their prices independently," the lawsuit said The complaint alleges that McDonald’s has enforced a "coercive price-fixing agreement" on its franchisees since 2019 McDonald’s in a statement called the allegations speculative and uninformed. "AI does not set the price of a Big Mac or any other menu item," McDonald's said. The company said McDonald’s imposes no pricing mandates and that franchisees make their own pricing decisions The plaintiffs' lawyers had no immediate comment (Reporting by Mike Scarcella)
By Mike Scarcella
WASHINGTON, Oct 5 (Reuters) - McDonald's MCD.N has been sued in federal court in Chicago in a proposed nationwide class action alleging the fast-food giant illegally coordinates menu prices across its franchises and company-owned restaurants through an AI-powered pricing system.
Here are the details:
The lawsuit, filed on Friday, said McDonald’s violated federal antitrust law by conspiring with independent franchisees to fix prices using algorithms that are trained on nonpublic data. The plaintiffs said they are suing on behalf of a class of potentially millions of McDonald’s customers
"Independent businesses must set their prices independently," the lawsuit said
The complaint alleges that McDonald’s has enforced a "coercive price-fixing agreement" on its franchisees since 2019
McDonald’s in a statement called the allegations speculative and uninformed. "AI does not set the price of a Big Mac or any other menu item," McDonald's said. The company said McDonald’s imposes no pricing mandates and that franchisees make their own pricing decisions
The plaintiffs' lawyers had no immediate comment
(Reporting by Mike Scarcella)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ - India's Kotak Mahindra Bank shares rise on second quarter loan growth; Goldman Sachs reiterates 'Buy' rating
October 6 – ** Shares of India’s Kotak Mahindra Bank KTKM.NS rose 3.3% to 429.80 rupees ** Kotak Mahindra Bank reported a 24.7% increase in net loans for Q2 FY2027 (link) ** Goldman Sachs reiterated its “Buy” rating with a target price of 540 rupees, citing the better-than-expected Q2 performance update ** Given strong deposit growth and organic loan expansion, the bank’s EPS compound annual growth rate (CAGR) estimate for FY2026-29 was raised to 19% ** It was noted that organic loan growth rose from 15% in the previous quarter to 19% year-on-year; this growth momentum is expected to continue, supported by retail loans, SME lending, and commercial banking ** An average of 37 analysts give the stock a “Buy” rating, with a median target price of 470 rupees – data compiled by LSEG ** Year-to-date, the stock is down 5.5% (To assist non-English speakers, Reuters automatically translates its reports into several other languages. Due to the possibility of errors or lack of required context in automated translations, Reuters does not guarantee their accuracy and provides them for convenience only. Reuters accepts no liability for any damage or loss resulting from the use of automated translation features.)
Hyosung TNC stake held by National Pension Service rises to 10.60% from 10.17%
National Pension Service raised its stake in Hyosung TNC to 10.60% as of Sept. 30, 2026. Holding increased to 458,722 shares from 439,981 shares, a net gain of 18,741 shares. Change was driven by on-market purchases and sales, with the reportable event dated Sept. 1, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyosung TNC Corporation published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261006000132), on October 06, 2026, and is solely responsible for the information contained therein.
BoJ may indicate underlying inflation is near the 2% target, sources say
Gold prices continue to fall as HSBC casts doubts and predicts further decline
