This and related settlements from vitamin price fixing legal cases are now working their way through to local juridictions. The big primary vitamin manufacturers got caught with their hands in the cookie jar. Just a cost of doing business?
Vermont gets $65,000 in price-fixing case involving vitamins settled
Free Press Staff Report • Saturday, June 19, 2010
Vermont will receive more than $65,000 from a settlement with an international group of vitamin manufacturers. Vermont was one of 22 states and class-action plaintiffs that alleged vitamin manufacturers had engaged in a price-fixing conspiracy.
Under the agreement approved Friday, the Vermont Foodbank will receive nearly $50,000; the Department of Forests, Parks and Recreation will receive $10,000 for a new multi-use trail in Sharon; and the rest will cover the state's legal costs, according to the Attorney General's Office.
A separate fund has been created to compensate affected businesses.
Because there was no way to determine which consumers overpaid and by how much, the court approved distribution of settlement funds to certain not-for-profit and governmental organizations "with the express purpose of ensuring that the funds be used for the improvement of the health and/or nutrition of the citizens" of each state.
Vermont businesses that purchased any of the vitamins involved between 1988 and 2000 may make a claim to obtain money from the commercial portion of the settlement.
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