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Brazil: damages from alleged orange juice cartel

Giants of Brazil's orange juice trade are defendants in a class action lawsuit seeking billions in damages for alleged price fixing between 1999 and 2006.

Federal prosecutor Karen Kahn said the São Paulo Court of Justice would hear the lawsuits against companies such as Citrosuco, Cutrale, and Louis Dreyfus Co (LDC), which account for most of the world's orange juice production, according to a Reuters report.

The alleged cartel harmed citrus producers and was investigated by Brazil's antitrust agency, Cade.

In 2016, the regulator and the companies agreed to pay R$301 million to settle the . . .

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