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Food & Beverage

  • December 9, 2013

    Reality Star, Margarita Makers Slam 'All-Natural' Cert. Bid

    Reality television star Bethenny Frankel and the manufacturers of Skinnygirl Margarita on Friday urged a New Jersey federal judge to deny certification to consumers alleging the specialty drink was mislabeled as all-natural, saying the claims are too individualized to proceed as a class action.

  • December 9, 2013

    WhiteWave To Pay $600M For Organic Food Co. Earthbound

    WhiteWave Foods Co. said Monday it will acquire organic food company Earthbound Farm from existing Earthbound investors led by Dallas-based Kainos Capital and Earthbound founders Drew and Myra Goodman for about $600 million in cash, in a move meant to help expand WhiteWave's organic offerings.

  • December 9, 2013

    Wachtell, Arnall Golden Guide Sysco's $8.2B US Foods Buy

    Food distributor Sysco Corp. will take over private-equity backed rival US Foods in a deal valued at $8.2 billion, further broadening the product and services portfolio of the national distributor, according to a Monday statement.

  • December 9, 2013

    Post To Shell Out Nearly $700M For Healthy Brands

    Post Holdings Inc. will fork over as much as $700 million for the acquisition of nut butter supplier Golden Boy Foods Ltd. and nutritional supplement company Dymatize Enterprises LLC through two separate deals, expanding the parent company’s standing in the health food industry.

  • December 6, 2013

    WTO Countries Notch Global Trade Deal As Summit Closes

    World Trade Organization members on Saturday reached a deal on measures meant to cut red tape at borders and boost trade and food security in developing countries, marking the first WTO-wide agreement in the organization’s nearly two decade history.

  • December 6, 2013

    11th Circ. Won't Revive Goya Sales Brokers' OT Suit

    The Eleventh Circuit upheld the dismissal of a putative class suit seeking overtime pay from Goya Foods Inc. under the Fair Labor Standards Act, ruling Friday that the plaintiff fell under the law's “outside salesmen” exemption.

  • December 6, 2013

    US, Others Press For Fishery Subsidy Cuts

    The U.S. and 11 other World Trade Organization countries meeting this week in Bali, Indonesia, have reiterated a call to end subsidies that contribute to overfishing and deplete already-stressed fishery resources, the U.S. trade representative's office said Friday.

  • December 5, 2013

    ACE Avoids $3M Share Of Seagram Distillery Settlement

    An Indiana appeals court on Thursday freed ACE American Insurance Co. from chipping in $3 million toward the settlement of a class action that property owners brought over ethanol emissions from a Seagram distillery, but allowed the plaintiffs' bad faith claim against the insurer to proceed anyway.

  • December 5, 2013

    GAO Denies Protest Of DOD Food Service Contract Process

    A Texas food distributor has failed in its bid to protest the U.S. Department of Defense's price evaluation scheme for food and beverage service contracts, according to a U.S. Government Accountability Office decision made public Thursday.

  • December 5, 2013

    Frito-Lay Argues DOL Lacks Authority In Gender Bias Probe

    Snack food giant Frito-Lay Inc. on Wednesday took shots at the U.S. Department of Labor’s administrative trial system for government contractors, telling a Texas federal judge the agency never had authority to request its employment data as part of a gender discrimination investigation.

  • December 5, 2013

    BASF Hoarding Escrow Fund After $1B Deal, Suit Says

    Private equity firm Norwest Equity Partners filed a lawsuit late Wednesday in Delaware Chancery Court claiming that BASF Corp. is trying to block the release of $77 million in escrowed funds from the $1 billion purchase of an agricultural technology firm by making “bogus” tax and other claims.

  • December 4, 2013

    Archer Daniels Drops $3B GrainCorp Takeover After Rejection

    Archer Daniels Midland Co. has given up its attempt at a AU$3.4 billion ($3.2 billion) takeover of GrainCorp Ltd. after an Australian regulator issued an order prohibiting the proposed acquisition, according to documents filed Monday with the U.S. Securities and Exchange Commission.

  • December 4, 2013

    USDA To Beef Up Salmonella Prevention Efforts

    The U.S. Department of Agriculture unveiled a new initiative on Wednesday aimed at combating deadly salmonella contamination linked to more than a million illnesses in the U.S. every year, starting with an overhaul of the nation’s poultry slaughter inspection system.

  • December 4, 2013

    India Says Food Security 'Non-Negotiable' At WTO Summit

    India's commerce minister said Wednesday at a World Trade Organization summit that his country would not budge on the issue of food security, as other WTO members heightened calls for a deal on new global trade rules.

  • December 4, 2013

    Emerson Electric To Pay $571M For JV Stake From SPX

    Emerson Electric Co. will buy SPX Corp.'s full 44.5 percent share of the companies' joint venture, EGS Electrical Group LLC, for $571 million, the industrial manufacturers said Wednesday.

  • December 3, 2013

    Chipotle Wards Off Class Cert. In 'Naturally Raised' Meat Suit

    A California judge on Monday shot down class certification efforts by a Chipotle Mexican Grill Inc. customer alleging the chain falsely advertised its meat as humanely raised and free of antibiotics and hormones, saying class members' claims would be impossible to verify.

  • December 2, 2013

    AB InBev Concealed Plans For Price Hikes, Beer Drinkers Say

    A group of beer drinkers asked a California federal court to revive their antitrust suit against Anheuser-Busch InBev’s $20.1 billion acquisition of Group Modelo, arguing Sunday that AB InBev misled the court about future price increases and that plaintiffs are entitled to new discovery.

  • November 27, 2013

    Co. Behind Largest US Beef Recall Pays $3M To End FCA Suit

    The owners of a California slaughterhouse agreed Wednesday to pay $3.1 million to settle claims that they defrauded the government by selling beef from mistreated cattle, ending a long-running lawsuit that previously served up an eye-popping, if symbolic, $500 million liability judgment.

  • November 27, 2013

    EU Hits Shrimp Traders With $39M In Price-Fixing Fines

    The European Commission on Wednesday announced that it has levied $39 million in fines against North Sea traders for operating a cartel to fix shrimp prices and share sales volume in Belgium, France and Germany for nearly a decade.

  • November 27, 2013

    Nordic, CVC Net $137M In Exit From Swedish Candymaker

    European private equity firms Nordic Capital and CVC Capital Partners Ltd. said Wednesday that they have finished winding down their holding in Swedish candymaker Cloetta, passing off their remaining 16.1 percent in a $137.9 million sale to unnamed institutional investors.