An antitrust attorney has filed a private lawsuit on behalf of nine consumers, including six from St. Louis, against Anheuser-Busch InBev (ABI) and Grupo Modelo over their proposed $20.1 billion merger.
The St. Louis Business Journal reports Joseph Alioto filed the suit in federal court in San Francisco, stating the acquisition will substantially lessen competition and/or tend to create a monopoly in the production, distribution and sale of beer in the United States.
Alioto is the attorney who tried to block Belgian brewer InBev’s 2008 acquisition of Anheuser-Busch.
“By combining the largest and the third-largest brewers of beer sold in the United States, the defendant ABI, would have more than 54 percent of the beer market in the United States and sufficient monopoly power to exclude competition and raise prices,†according to the lawsuit.