US: Potato growers agree to settle class-action antitrust lawsuit from grocers for $25 million

A federal judge has signed off on a $25 million settlement in a lawsuit between wholesale grocers and potato farming associations accused of forming a price-fixing cartel. Associated Wholesale Grocers filed the class-action lawsuit in 2010, contending that potato growers in Idaho and elsewhere conspired to raise prices by restricting the number of acres planted and taking other steps to limit[Read More...]