Keurig Settles Consumers’ K-Cup Antitrust Claims for $31 Million

The consumers leading an antitrust lawsuit against Keurig Dr Pepper asked a federal judge in Manhattan on Wednesday to approve a $31 million settlement of claims that the beverage company cornered the single-serve brewer market by designing its machines to accept only K-Cup coffee pods.

“The settlement came about through extensive, lengthy, arm’s-length negotiations that lasted months,” culminating in a deal that “mitigates risk by providing an immediate and certain” payout, the plaintiffs say in their court filing. “The settlement class is no longer placing its eggs in the risky basket of continued litigation.”

The agreement comes about a year ...