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Orange juice giants face $2.5 billion class action over price fixing

Posted On: Apr. 10, 2023 9:54 AM CST

Several orange juice giants in Brazil, including Citrosuco, Cutrale and Louis Dreyfus Co. B.V., are facing a 12.7 billion Brazilian reals ($2.5 billion) class action lawsuit over an alleged price-fixing scheme, Reuters reported. The lawsuit, filed by prosecutors in the Sao Paulo Court of Justice in March, claims that the companies formed a cartel to cause a steep drop in fruit prices due to which farmers and customers suffered losses.