Energizer, Walmart Sued by Consumers and Retailers for Allegedly Conspiring to Raise Battery Prices

Energizer Holdings Inc and Walmart Inc have been sued by consumers and retailers in three proposed class actions accusing them of conspiring to raise the prices of disposable batteries.

According to complaints filed on Friday, Energizer agreed “under pressure from Walmart” to inflate wholesale battery prices for other retailers starting around January 2018, and require those retailers not to undercut Walmart on price.

Walmart rivals allegedly risked higher wholesale prices or being cut off by Energizer, the largest U.S. disposable battery maker, if they charged less at checkout than Walmart, the world’s largest retailer.

Read the source article at finance.yahoo.com