Pepsi, Walmart Accused by Soda Buyers of Price-Fixing Scheme (1)

PepsiCo Inc. and Walmart Inc. were sued in federal court by consumers who allege the two companies conspired to raise the cost of Pepsi products in violation of federal and state antitrust laws.

The two retailers exchanged competitively sensitive data about supply, output, and production, ultimately causing buyers to pay more for Pepsi products outside of Walmart, according to a proposed class action filed Monday in the US District Court for the Southern District of New York.

Pepsi also provided promotional payments, allowances, and services to Walmart to “advantage its largest account which it does not offer or denies to ...