Korean Cos. Sued Over Ramen Noodle Price-Fixing

Law360, New York (September 6, 2013, 2:02 PM EDT) -- Four South Korean companies have fixed prices on dozens of instant ramen noodle products, forcing U.S. consumers to pay artificially higher prices for the food, according to a class action filed Thursday in California.

Plaintiff Stephen Fenerjian, a resident of Massachusetts, alleges that beginning in 2001 the companies and their U.S. subsidiaries agreed to raise prices six times, resulting in an average price increase of approximately 54 percent. The lawsuit claims the ramen noodle companies shared nonpublic pricing information and worked together to implement price hikes...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

In Re Korean Ramen INDIRECT Antitrust Litigation


Case Number

3:13-cv-04115

Court

California Northern

Nature of Suit

Anti-Trust

Judge

William H. Orrick

Date Filed

September 5, 2013

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.