Brazil To Press On With Probe Of Alleged Juice Cartel

Law360, New York (November 23, 2006, 12:00 AM EST) -- Under pressure from federal prosecutors, Brazil’s competition authority has rejected a proposed $46.2 million settlement from orange juice producers in a case over an alleged price-fixing cartel.

On Wednesday, the Ministry of Justice’s Conselho Administrativo de Defesa Econômica (CADE) rejected a proposal by the Brazilian Citrus Exporters Association (Abecitrus) to settle a 1999 complaint by orange growers who said artificially low prices had cost them nearly $3 billion in losses over 15 years.

“After this decision the case returns to the Justice Ministry's consumer affairs division...
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