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Cadbury Melts Chocolate Price-Fixing Suits For $2M

Posted: December 15, 2011
Source: Law360
Outcome: Settlement
Practice Areas: Antitrust

A Pennsylvania federal judge signed off Monday on a trio of settlements worth about $2 million between Cadbury PLC and three classes of plaintiffs in the multidistrict litigation accusing a number of major chocolate producers of conspiring to fix prices.

U.S. District Judge Christopher C. Conner granted final approval to Cadbury's settlement with direct purchasers and two groups of indirect purchasers who bought chocolate either for personal use or for resale.

Under the terms of the deal, Cadbury will pay a little more than $1.3 million into the settlement fund for the direct purchaser plaintiffs and pay $250,000 each for the two indirect classes. The company, which was acquired in 2010 by Kraft Foods Inc., also agreed to pay $250,000 into the plaintiffs' notice and administration cost fund.

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