South Africa: Class action against price-fixing bread companies hits roadblock
The nation’s Supreme Court has raise concerns over efforts to bring a class action suit against several of the nation’s bread producers who were charged with running a price-fixing cartel. Tiger Brands, Pioneer Foods and Foodcorp were found guilty of running a cartel by the Competition Tribunal, and, as a result, several entities brought a class-action suit against the companies in representation of consumers affected by the price-fixing. The Supreme Court, however, raised concerns over how the awards would be distributed to the plaintiffs should the suit end successfully for them. The Children’s Resource Centre, the Black Sash Trust, the Congress of South African Trade Unions and the National Consumer Forum had attempted to bring the case to court but was rejected by the Western Cape High Court. They are now appealing to the Supreme Court of Appeals. Lawyers for the plaintiffs have stated any awards won would be kept in a trust and “distributed to feeding schemes.”
Full Content: iAfrica.com
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Hess Shareholders Approve $53 Billion Merger with Chevron
May 28, 2024 by
CPI
EU Regulators Engage with Telegram as App Nears Critical Usage Threshold
May 28, 2024 by
CPI
EEX Offers Remedies to Address EU Antitrust Concerns Over Nasdaq Deal
May 28, 2024 by
CPI
BRG Expands European Competition Practice with New Expert Team in Brussels
May 28, 2024 by
CPI
UK Law Empowers Regulators to Fine Big Tech Without Court Approval
May 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI