Cadbury's has agreed to pay $5.7 million in a class-action lawsuit alleging that Cadbury's and four other companies fixed the price of chocolate products between 2001 and 2008.
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CADBURYS AGREES TO PAY $5.7 MILLION IN CLASS-ACTION
TORONTO - Cadburys has agreed to pay $5.7 million in a class-action alleging that they and four other companies fixed the price of chocolate products between 2001 at 2008. The other companies involved were Adams Canada, Mars Canada, Hershey Canada and Nestlé Canada. The lawsuit alleged that they conspired to fix prices of chocolate products such as Caramilk bars, Smarties, M&Ms, and O’Henry chocolate bars.
The lawsuit claims that the companies held secret meetings to discuss prices and penalize stores that undercut the recommended retail price by limiting the supply of product to them. Last week Cadburys agreed to pay to have itself removed as a defendant in a lawsuit. The lawyer for the plaintiffs, Charles Wright of Siskinds in London Ontario, indicated that Cadburys would be providing information that would help his firm continue with litigation against other named defendants.
Source: Lawday
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