Grocer Giant Eagle Accuses Chocolate Firms of Price Fixing

Giant Eagle believes its customers are paying too much for chocolate.
And the O'Hara-based supermarket chain has decided to make a federal case out of it.

In a lawsuit filed this week in U.S. District Court, the company claims the world's largest chocolate companies formed a conspiracy to raise prices and stifle competition.

Giant Eagle claims it was overcharged for $200 million worth of chocolate products between 2002 and 2007. It did not mention by how much it overpaid The Hershey Co. of Hershey; Mars Inc. of McLean, Va.; Nestle, S.A. of Switzerland; and Cadbury Schweppes plc of London, and subsidiaries. A Canadian network of food distributors, ITWAL Ltd., which allegedly aided in the conspiracy, also was named a defendant.

Click Here for the whole story.

More News:

All news »

What are your comments?

You cannot post comments until you have logged in. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments