Whole Foods Faces Customers' Antitrust Suit

Law360, New York (October 29, 2008, 12:00 AM EDT) -- Whole Foods Market Inc. shoppers have filed a putative class action alleging that the natural foods supermarket chain began charging inflated prices for organic produce after its acquisition of Wild Oats Market Inc. last year.

The suit, filed Tuesday in the U.S. District Court for the District of Columbia, alleges that the merger of Whole Foods and Wild Oats markets, completed in August 2007, eliminated competition in the upscale organic food market and led to higher prices for consumers.

“As a result of that merger, competition...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.