Three decades later, the $2.1 billion industry is still controlled by a small number of manufacturers, who are again in the cross hairs over their outsized market share. Most of the lawsuits were settled or, in some cases, won by the companies. market at the time, were hit with waves of state, federal and corporate lawsuits, accusing them of attempting to limit competition and using their control of the industry to fix prices. The three largest manufacturers, which controlled 90 percent of the U.S. ![]() In the early 1990s, the nation’s biggest makers of baby formula were under fire.
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