The Federal Trade Commission is suing PepsiCo for alleged price discrimination in the final days of the Biden administration.
The Federal Trade Commission is suing PepsiCo for allegedly giving an unnamed big box retailer more favorable prices than its competition.for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more favorable prices than its competition.
The FTC alleges Pepsi violated the Robinson-Patman Act, which bars sellers from giving competing buyers different prices for the same"commodity" or selectively providing allowances, like compensation for advertising. The agency argues Pepsi gave Walmart promotional payments and allowances, as well as advertising and promotional tools, that it didn't offer to the retail giant's rivals.
Apple CEO Tim Cook says he'll never retire, at least not ‘the traditional' way: I'll always ‘want to work' The FTC also said that a"substantial portion" of the alleged violations are redacted in the lawsuit, citing legal protections given to Pepsi and the large, big box retailer. The commission is seeking to lift the redactions to show how Pepsi broke the law and how those alleged actions led to higher prices for competing retailers.
The Robinson-Patman Act was passed in 1936, but the federal government stopped enforcing it during the deregulation of the 1980s. The FTC resumed its enforcement in December when itThe lawsuit comes on the final business day before President-elect Donald Trump's inauguration on Monday, which will spell the end of Lina Khan's time as chair of the FTC.
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