Pepsi and Walmart were sued in a new class action lawsuit by consumers in the New York federal court, accusing the two parties of colluding to implement a decade-long price manipulation plan to raise the price of Pepsi soft drinks on retailer channels across the US. The proposed class action lawsuit, which was filed on Monday, states that the two companies reached an agreement to provide Walmart with preferential wholesale prices for Pepsi products while forcing other retailers to pay inflated prices. This move is suspected of violating antitrust laws. The plaintiff argued that the agreement eliminated price competition and harmed consumers' rights by raising sales prices. The lawsuit seeks class-action certification on behalf of millions of Pepsi consumers. According to the lawsuit documents, Pepsi and Walmart have achieved a common increase in profits by eliminating price competition and collaborating on pricing. Walmart said in a statement that it is aware of related lawsuits and that the company has always been committed to seeking the rights and interests of customers in order to provide affordable products and low daily prices. PepsiCo has yet to respond to this matter.

Pepsi and Walmart were sued in a new class action lawsuit by consumers in the New York federal court, accusing the two parties of colluding to implement a decade-long price manipulation plan to raise the price of Pepsi soft drinks on retailer channels across the US. The proposed class action lawsuit, which was filed on Monday, states that the two companies reached an agreement to provide Walmart with preferential wholesale prices for Pepsi products while forcing other retailers to pay inflated prices. This move is suspected of violating antitrust laws. The plaintiff argued that the agreement eliminated price competition and harmed consumers' rights by raising sales prices. The lawsuit seeks class-action certification on behalf of millions of Pepsi consumers. According to the lawsuit documents, Pepsi and Walmart have achieved a common increase in profits by eliminating price competition and collaborating on pricing. Walmart said in a statement that it is aware of related lawsuits and that the company has always been committed to seeking the rights and interests of customers in order to provide affordable products and low daily prices. PepsiCo has yet to respond to this matter.