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Stock impact report

Fragrance companies ask court to toss ‘threadbare' US price-fixing lawsuits [Reuters]

International Flavors & Fragrances, Inc. (IFF) 
Last international flavors & fragrances, inc. earnings: 2/12 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.iff.com
Company Research Source: Reuters
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 and Germany's Symrise — in a filing New Tab , opens new tab 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 cla Show less Read more
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