FTC prepares to sue largest U.S. alcohol distributor, alleging 'secret kickbacks'
Publishing timestamp: 2024-06-05 12:50:43
Summary
The Federal Trade Commission is preparing to file an antitrust lawsuit against Southern Glazer's Wine and Spirits, alleging that the company has been providing "secret kickbacks" to large retailers. This legal action is part of the FTC's aggressive antitrust crackdown under President Joe Biden. Southern Glazer's has also faced other legal complaints in the past for anticompetitive practices.
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Keywords: united states, food and drink, politics, products and services, defense, u.s. economy, business news, business, lawsuits, meta platforms inc, kroger co, breaking news: politics, microsoft corp, elections, amazon.com inc,
Source: https://www.cnbc.com/2024/06/05/ftc-lawsuit-southern-glazers-alcohol.html