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Kraft Heinz Escapes Consolidated Derivative Investor Suit

By Katryna Perera (March 31, 2023, 9:45 PM EDT) -- An Illinois federal judge on Friday tossed a derivative suit brought by investors of Kraft Heinz that claim the company's board of directors overstated its financial health to cover up damaging accounting practices, ruling that the investors did not adequately plead that it would have been futile to make a pre-suit demand on the board, among other things....

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