Chinese Vitamin C Producer Becomes The First Chinese Company To Settle A U.S. Cartel Class Action Case |

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Mondaq United States

Chinese Vitamin C Producer Becomes The First Chinese Company To Settle A U.S. Cartel Class Action Case

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Originally published in V&E Insights E-communication, May 30, 2012

On May 21, 2012, Aland (Jiangsu) Nutraceutical Co., Ltd, agreed to pay USD 10.5 million to settle price-fixing allegations against the company related to its sales of Vitamin C in the United States. As part of the negotiated settlements, which are subject to court approval, Aland will pay USD 9.5 million to a class of direct purchasers of Vitamin C and USD 1 million to the indirect purchasers of Vitamin C. As the plaintiffs noted in their papers seeking approval of the settlement, the settlement marks "the first civil...

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