Some of the largest producers and sellers of granulated sugar in the US, including Domino Foods Inc. and American Sugar Refining, face a class action lawsuit accusing them of conspiring to artificially inflate the price of sugar.
The antitrust suit, filed Thursday in US District Court for the Southern District of New York, argues the sugar companies shared nonpublic information about sugar prices, sales, and demand to carry out a price-fixing scheme over the past several years. The plaintiffs allege food and beverage manufacturers, retails, and other direct purchasers of sugar paid unnecessarily high prices as a result of the ...
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