5th Circ. Cans Challenge To Coke’s 41-Year-Old Root Beer Buy

Law360, New York (May 23, 2012, 1:51 PM EDT) -- The Fifth Circuit on Tuesday affirmed that The Coca-Cola Co. doesn't owe one-third of Barq's Inc. to its previous owners, ruling that the 41-year-old sale of the plaintiff's interest in the root beer company was valid under Louisiana law.

The estate of Arthur Robinson — son of former Barq's owner Jasper “Jesse” Louis Robinson — had contended that the 1971 purchase of Robinson's interest by his sisters was void because Robinson had promised to sell the interest and rights in Barq's that he planned to receive...
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