Kraft Says CFTC Press Release Broke $16M Wheat Suit Deal

Law360 (August 16, 2019, 10:37 PM EDT) -- Kraft Foods Group Inc. and Mondelez Global LLC urged an Illinois federal judge Friday to impose sanctions against the U.S. Commodity Futures Trading Commission, arguing that the agency violated their $16 million deal in a wheat price manipulation suit by making public statements about the deal.

In a heavily redacted filing, Kraft and Mondelez claim that the agreement only allowed the parties to refer to the terms of the settlement and public documents filed in the case. But the companies claim that on Thursday, the CFTC made a slew of statements that disregarded this clause, leading to imbalanced coverage of the...

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