Judge Suspends Settlement With Orange Juice Cos.

Law360, New York (August 11, 2006, 12:00 AM EDT) -- After receiving a request from the Brazilian Citrus Growers Association, a judge has temporarily suspended a deal between the antitrust arm of Brazil’s Justice Ministry and five large orange juice exporters.

The department’s antitrust division had asked the companies to pay $45.87 million in fines and face regular audits to settle accusations that the companies had formed a cartel.

The settlement had come in response to allegations that citrus exporters Citrosuco, Coimbra, Cutrale, Citrovita and Montecitrus fixed the prices paid to orange growers.

The suspension ordered...
To view the full article, register now.