Restaurants Can Recover Millions with Legal Finance
4 Min Read By Rufus Caine
Recent food commodity antitrust lawsuits filed against chicken and pork suppliers underscore an unfortunate truth: When suppliers and vendors engage in illegal behavior, restaurant brands often shoulder the cost.Unfortunately, in an industry with slim profit margins and high overhead—in which food inputs are generally one third of all costs—the real price of such anticompetitive behavior is more than an inconvenience: It raises the cost of doing business, often causing serious financial harm. Fortunately, thanks to a tool known as legal finance, restaurant brands can make themselves financially whole, without absorbing the cost or risk of pursuing affirmative litigation or arbitration.
The Problem Facing Restaurants That Have Been HarmedAfter being harmed, whether through anticompetitive behavior or other malfeasant activity from a vendor or supplier (e.g., the recent ad agency rebate scandal), a restaurant faces a few distinct challenges in the drive to recover monetarily…
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