financetom
Business
financetom
/
Business
/
Fragrance companies ask court to toss 'threadbare' US price-fixing lawsuits
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fragrance companies ask court to toss 'threadbare' US price-fixing lawsuits
Apr 9, 2024 9:20 AM

April 9 (Reuters) - Four European and American fragrance

makers have asked a U.S. judge to dismiss lawsuits accusing them

of conspiring to artificially inflate prices of ingredients that

are used to make cosmetics, cleaners and other household

products.

The companies - Switzerland-based Givaudan and Firmenich,

which is merging with Dutch chemicals group DSM; U.S.-based

International Flavors & Fragrances ( IFF ) and Germany's Symrise - in a

filing said the lawsuits filed last year in New Jersey failed to

show they agreed to fix prices.

The plaintiffs include "direct" fragrance ingredient

purchasers such as Pennsylvania-based Keystone Candle Company

and "indirect" ones like retailer Alexia Viola Napa Valley,

which bought fragrances from sources other than the defendants.

Retail consumers have also separately brought similar claims.

The fragrance makers argued in their Monday filing that the

direct and indirect purchaser plaintiffs did not identify "a

single instance of an actual agreement, any person who allegedly

participated in one, or where or how the alleged conspiracy

formed and operated," calling their claims "threadbare."

Attorneys for the plaintiffs groups did not immediately

respond to requests for comment on Tuesday.

Representatives from Givaudan, Firmenich, International

Flavors & Fragrances ( IFF ) and Symrise either had no immediate comment

or declined to comment. Symrise said in August it believed the

EU search was unlawful and has challenged it.

At least nine lawsuits against the fragrance makers were

filed in U.S. court by late July, after Swiss and other

antitrust authorities revealed a cartel investigation in March

2023. The European Commission said antitrust authorities had

raided Symrise, Givaudan and Firmenich.

The U.S. lawsuits contend the companies conspired to divide

up the production of synthetic and natural ingredients used to

make fragrances in products such as detergents, cosmetics and

perfumes.

The plaintiffs said in court filings that the defendants'

sale of fragrance products in the U.S. was a multibillion-dollar

industry.

They alleged the companies began conspiring to fix prices

beginning in at least 2018 as a way to respond to a rise in the

cost of raw materials used to make fragrance products.

The defendants in Monday's filing said they engaged in

"ordinary" business conduct such as gathering competitive

intelligence and attendance at trade associations.

The cases are Fragrance Direct Purchaser Antitrust

Litigation, U.S. District Court, District of New Jersey, No.

2:23-cv-02174-WJM-JSA; Fragrance Indirect Purchaser Antitrust

Litigation, same court, No. 2:23-cv-03249-WJM-JSA; and Fragrance

End-User Plaintiff Antitrust Litigation, same court, No.

2:23-cv-16127-WJM-JSA

Read more:

Top tire makers are sued in US over alleged price fixing

France's Saint-Gobain, others hit with price-fixing claims

in US court

Flavor, fragrance makers face wave of US antitrust lawsuits

after EU cartel raids

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Uranium Energy's Sweetwater plant on fast track for in-situ mining approval
Uranium Energy's Sweetwater plant on fast track for in-situ mining approval
Aug 5, 2025
Aug 5 (Reuters) - Uranium Energy's ( UEC ) Sweetwater Uranium Complex in Wyoming has been selected by the U.S. government for a fast-tracked process of approval to add in-situ recovery capability, it said on Tuesday. In March, President Donald Trump had invoked emergency powers to boost domestic production of critical minerals as part of a broad effort to offset...
BRIEF-Voltage X Announces Us IPO Of Class A Ordinary Shares - SEC Filing
BRIEF-Voltage X Announces Us IPO Of Class A Ordinary Shares - SEC Filing
Aug 5, 2025
Aug 5 (Reuters) - * VOLTAGE X LTD ANNOUNCES US IPO OF CLASS A ORDINARY SHARES - SEC FILING * VOLTAGE X LTD - TO APPLY FOR NASDAQ LISTING - SEC FILING * VOLTAGE X LTD SAYS WALLACHBETH CAPITAL LLC IS UNDERWRITER TO US IPO - SEC FILING Source text: ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BRIEF-Cloud Software Group To Acquire Arctera From Funds Affiliated With Carlyle
BRIEF-Cloud Software Group To Acquire Arctera From Funds Affiliated With Carlyle
Aug 5, 2025
Aug 5 (Reuters) - Carlyle Group Inc ( CG ): * CLOUD SOFTWARE GROUP: TO ACQUIRE ARCTERA FROM FUNDS AFFILIATED WITH CARLYLE * CLOUD SOFTWARE GROUP: TERMS OF TRANSACTION WERE NOT DISCLOSED Source text: Further company coverage: ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved