April 09, 2020
A Pennsylvania federal judge on Thursday kicked to Illinois federal court a proposed Employee Retirement Income Security Act class action accusing Kraft Heinz executives of letting workers invest their retirement savings in overvalued company stock, saying similar litigation is already happening in the Prairie State.
August 01, 2019
Kraft Heinz told a Pennsylvania federal judge that Illinois was the proper place for the company to face a proposed Employee Retirement Income Security Act class action alleging its executives let workers invest their retirement savings in overvalued company stock.
March 21, 2019
Kraft Heinz Food Co. executives knew the company's stock was overvalued before revelations of a $15.4 billion writedown and a U.S. Securities and Exchange Commission probe caused the stock to plummet, retirement plan participants have claimed in an Employee Retirement Income Securities Act suit.