50m Price-Fixing Suit Filed Against Canadian Chocolate Makers

The suit alleges chocolate makers Nestle, Hershey, Cadbury and Mars have conspired to inflate prices by five per cent or more on at least three occasions. Such collusion would be in violation of Canada's Competition Act and several provincial consumer protection laws. Karp said the statement of claim alleges that "executives of the four companies exchanged price information with each other" in order to raise prices in a "conspiracy against the Canadian public." The allegations have not been proven in court. The firm said in a release that the claim is "the result of an extensive and independent investigation conducted by Juroviesky and Ricci." Karp confirmed such an investigation did take place but could not comment on the length of the probe. ... http://www.cbc.ca/consumer/story/2008/02/19/chocolate-suit.html

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