PepsiCo, Walmart Price Fixing Class Action Targets Alleged Soda Pricing Scheme - USA Herald
A class action lawsuit alleges PepsiCo and Walmart colluded to inflate soda prices for consumers at retailers other than Walmart.Summary
A new class action lawsuit accuses PepsiCo and Walmart of price fixing, alleging they inflated soda prices for consumers who did not shop at Walmart. Filed in the U.S. District Court for the Southern District of New York on December 15th, the suit claims the companies abused their market power to increase profits “to the detriment of consumers and benefit from suppressed competition.” Plaintiffs seek a jury trial and monetary damages, citing newly unsealed Federal Trade Commission (FTC) allegations that were previously dropped during the Trump administration. The complaint highlights Walmart’s importance as PepsiCo’s largest customer, noting PepsiCo warned investors of potential “material adverse effect” if it were to lose Walmart’s business, suggesting a significant power imbalance influencing pricing strategies.
(Source：USA Herald)