A federal judge dismissed class action allegations against PepsiCo Inc. and its Frito Lay North America Inc. unit, which were accused of price discrimination against independent convenience stores. The ruling significantly reduces PepsiCo’s financial exposure, as the case can no longer proceed with thousands of potential plaintiffs. Only two plaintiffs, Alqosh Enterprises Inc. and NMRM Inc., remain in the lawsuit.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Pepsi Ducks Class Action Claims in Price Discrimination Case
A federal judge dismissed class action allegations against PepsiCo Inc. and its Frito Lay North America Inc. unit, which were accused of price discrimination against independent convenience stores. The ruling significantly reduces PepsiCo’s financial exposure, as the case can no longer proceed with thousands of potential plaintiffs. Only two plaintiffs, Alqosh Enterprises Inc. and NMRM Inc., remain in the lawsuit.