logo


BRIEF: Chocolate Suit on Hold
Saturday, April 11, 2009 12:20 PM


(Source: The Patriot-News)trackingBy Pete Shellem, The Patriot-News, Harrisburg, Pa.

Apr. 11--A lawsuit accusing the U.S. chocolate industry of price fixing will be put on hold until the defendants can appeal a federal judge's decision not to throw the suit out.

In a memorandum issued Wednesday, U.S. District Judge Christopher C. Conner allowed defendants, which include The Hershey Co., to appeal his decision to the Third Circuit Court of Appeals. However, Conner ruled that the parties can continue discovery while the appeal is pending.

Conner ruled last month that the plaintiffs provided enough evidence to allow claims of antitrust violations to proceed and granted them additional time to tie in the actions of the companies' foreign subsidiaries to the jurisdiction of U.S. courts.

The 87 class-action suits filed across the country were consolidated in Pennsylvania's U.S. Middle District Court because of Hershey's headquarters in the area.

The lawsuits against Hershey, Mars, Cadbury and Nestle, which collectively control 75 percent of the chocolate market in the U.S., allege the companies conspired to raise chocolate candy prices by about 10 percent in December 2002, 6 percent in December 2004, and 5 percent in April 2007.

PETE SHELLEM: 255-8156 or pshellem@patriot-news.com

-----

To see more of The Patriot-News, or to subscribe to the newspaper, go to http://www.patriot-news.com.

Copyright (c) 2009, The Patriot-News, Harrisburg, Pa.

Distributed by McClatchy-Tribune Information Services.

For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

NYSE:HSY, NYSE:CSG, NASDAQ-OTCBB:NSRGY,

A service of YellowBrix, Inc.



(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia