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Food & Beverage

  • 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.

  • November 26, 2013

    AgFeed's $45M Sale Of Chinese Assets Gets Judge's OK

    A Delaware bankruptcy judge gave the nod Tuesday for hog grower AgFeed Industries Inc. to sell its Chinese assets to Hong Kong firm Good Charm International Development Ltd. in a deal that is expected to net the debtor $45 million once several highly negotiated price adjustments are factored in.

  • November 25, 2013

    NJ Assembly Committee Advances Bill To Create Wine Board

    A New Jersey General Assembly committee on Monday advanced a bill to create a new state board charged with growing the state’s wine industry, granting a wine industry advisory board a wider range of duties and greater authority.

  • November 25, 2013

    Amy's Kitchen Wins Cane Juice Labeling Class Action

    A federal judge on Monday tossed a proposed class action accusing Amy’s Kitchen Inc. of deceiving consumers by labeling its products as containing evaporated cane juice instead of sugar, finding the plaintiff failed to allege he actually read the ingredients before purchasing the products.

  • November 25, 2013

    Treaty Doesn't Excuse Tobacco Co.'s $60M Tax Debt, US Says

    Without a specific written tax exemption, a 19th-century treaty does not spare Native American cigarette producer King Mountain Tobacco Co. Inc. from $60 million in excise tax debt, the U.S. government told a Washington federal court Monday.

  • November 25, 2013

    No New Trial In $9M Monsanto Seed Patent Case, Judge Says

    A Mississippi federal judge on Thursday denied a request for a new trial from a farmer sued by Monsanto Co. after selling and replanting its patented seeds, ruling that Monsanto's $8.9 million award was not based on an unclear jury instruction.

  • November 22, 2013

    W.Va. High Court Upholds $93M Monsanto Agent Orange Deal

    The West Virginia Supreme Court on Friday affirmed the approval of a $93 million deal between Monsanto Co. and residents alleging medical damage from Agent Orange herbicide produced at a nearby company plant, rejecting claims from some class members that the settlement did not extend to a sufficient number of people.

  • November 22, 2013

    Apax Gobbles Up IK Investment Snack Unit

    French private equity firm Apax Partners LP will buy Europe Snack from European private equity firm IK Investment Partners, the companies said Friday, a deal designed to help the snack company continue its expansion across France and the rest of Europe.

  • November 22, 2013

    Texas Justices Will Review Cotton Supplier Arbitration Row

    The Texas Supreme Court on Friday agreed to hear a dispute stemming from a cotton supply agreement that asks whether an arbitration provision was unconscionable because it stipulated attorneys' fees for one side that lost but not the other.

  • November 22, 2013

    Morningstar Foods Wrongly Fired Pregnant Worker, Jury Says

    A Texas federal jury on Wednesday found that Morningstar Foods LLC illegally terminated a female employee because of her pregnancy, awarding her more than $200,000 in backpay and for emotional pain and suffering.

  • November 21, 2013

    Illegal Anti-GMO Labeling Campaign Grew, Wash. AG Says

    In its campaign to defeat a measure aiming to require the labeling of genetically modified food, the Grocery Manufacturers Association spent funding illegally collected from companies even after it had been sued over the practice, Washington's attorney general claimed Wednesday.

  • November 20, 2013

    Philip Morris Loses Tobacco Tax Challenge In 4th Circ.

    A Fourth Circuit panel on Wednesday upheld the U.S. Department of Agriculture’s decision to tax Philip Morris USA Inc. and other cigarette manufacturers based on 2003 rates, ruling that the USDA had reasonably interpreted a congressional mandate to fund subsidies to tobacco farmers by taxing manufacturers.

  • November 20, 2013

    Treaty Preempts Cig Tax, Indian Tribe Tells 9th Circ.

    The Yakama Indian Nation and Native American-owned cigarette producer King Mountain Tobacco Co. Inc. told the Ninth Circuit on Monday that a lower court had erred in granting summary judgment to the state of Washington, subjecting the company to payments under a 1998 tobacco settlement and potential state excise tax payments.

  • November 20, 2013

    Fla. Appeals Court Affirms $4M Fee Award In Tree Taking Suit

    A Florida appeals court on Wednesday awarded nearly $4.25 million in attorneys' fees in a class action over the Florida Department of Agriculture's removal of thousands of residential citrus trees, rejecting the department's arguments that the amount was unreasonable and did not comply with state law.

  • November 20, 2013

    Noodle Buyer Says Sam Yang Can't Duck Out Of Antitrust Suit

    A direct purchaser of South Korean noodles on Monday urged a California federal judge not to dismiss allegations that food distributor Sam Yang USA participated in a price-fixing scheme, arguing the company can't exit the proposed class action by arguing it isn't linked to a foreign defendant.

  • November 20, 2013

    Deals Rumor Mill: Icahn, Deutsche Telekom, TPG Capital

    Michael Dell volleyed sharp criticism at longtime foe Carl Icahn despite already winning a duel between the two over a proposed $25 billion buyout, while TPG is aiming to raise $2.7 billion for its latest credit-focused fund as it continues a push to diversify.