Kraft Sues Starbucks Over $1B Distribution Deal

Law360, New York (December 6, 2010, 6:17 PM EST) -- Kraft Foods Inc. is seeking a court order to block Starbucks Coffee Co. from terminating an estimated $1 billion contract under which Kraft has the exclusive right to distribute the coffee giant's products in grocery stores.

In a suit filed Monday in the U.S. District Court for the Southern District of New York, Kraft said that Starbucks has the right to terminate the agreement, signed in 1998, but only if it buys out Kraft's interest.

The suit claims that Starbucks has falsely accused Kraft of breach...
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