Walmart (WMT) and Energizer (ENR) have been ordered by U.S. District Judge P. Casey Pitts to face lawsuits by consumers and retailers accusing them of violating antitrust law by conspiring to raise prices of disposable batteries, Reuters’ Jonathan Stempel reports. The judge ruled that the three proposed class actions plausibly alleged that in exchange for preferred treatment at its stores, Walmart pressured Energizer to inflate wholesale battery prices and keep other retailers from undercutting it on price.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WMT:
- Target considering paid membership program similar to rivals, Bloomberg says
- Cardio Diagnostics teams with FMS to deploy tests to certain Walmart locations
- Walmart price target raised to $195 from $190 at Jefferies
- Walmart Stock (NYSE:WMT): This Retail Behemoth Presents Great Value
- Verizon appoints Brian Higgins as chief customer experience officer
