On April 22, 2024, FeganScott filed a class action lawsuit alleging that since at least 2019 the top sugar producers in the United States operated an unlawful anticompetitive scheme that allowed them to drive up the price for white, refined table sugar.
According to the complaint, the defendants used an intermediary, a supposed industry analyst platform known as Commodity Information, to share sensitive, non-public pricing information, and in turn, use it to raise, fix, maintain, stabilize or coordinate the price of granulated sugar. The suit goes on to detail that since the defendants account for the majority of granulated sugar productions and sales in the U.S., the alleged scheme suppressed competition from other smaller market participants. As a result, consumers were forced to pay illegally inflated prices.
The lawsuit seeks to recover damages incurred by the plaintiffs and to hold the defendants accountable for their unlawful conspiracy.