Food & Beverage

  • June 2, 2006

    Green Thumb Wins Easy Gardener Assets

    The sale of a bankrupt lawn and garden company's assets should bear fruit for lenders, who are expecting a payout from the more than $60 million earned from the sale.

  • June 2, 2006

    Parmalat Milks Court For More Time

    Still trying to recover from the massive accounting fraud dubbed “Europe’s Enron,” Italian dairy conglomerate Parmalat Finanziaria SpA has scored a four-month extension of a U.S. court protection order against its creditors.

  • May 31, 2006

    WTO Head Sets Target For Trade Deal

    World Trade Organization Chief Pascal Lamy warned trade ministers Tuesday that they need to wrap up a deal meant to reduce farm subsidies and tariffs on farm and industrial goods, setting a deadline for the end of June.

  • May 18, 2006

    ADM Must Still Cough Up €43.9M From Trough

    In a blow to Archer Daniels Midland Co., the European Union’s highest court has upheld a €43.9 million fine against the U.S. agricultural giant related to the price-fixing of certain animal feed ingredients.

  • May 17, 2006

    Canadian Lumber Groups Suing U.S. Over Alleged Subsidy

    Two Canadian lumber-industry organizations are taking legal action in the United States to enforce a ruling under the North American Free Trade Agreement (NAFTA) that cleared Canada of unfairly subsidizing its softwood industry.

  • May 17, 2006

    Round Two of DOJ, DFA Antitrust Case Pushed Back

    A closely watched rematch between the U.S. Department of Justice and the Dairy Farmers of America has been delayed until the winter, the DOJ said.

  • May 12, 2006

    Parmalat CEO Wants $1B BofA Suit Bounced

    Two months after a federal judge cleared the way for Bank of America Corp.’s countersuit against Parmalat Finanziara SpA to proceed, the embattled Italian dairy giant’s chief executive has asked the court once again to toss out the bank's $1 billion damages claim.

  • May 10, 2006

    Judge Chucks Monsanto’s Claims In Corn Row

    In a blow to biotechnology giant Monsanto Co., a federal Delaware judge has ruled in favor of Swiss archrival Syngenta AG in a long-standing brawl over the rights to an herbicide-resistant type of genetically modified corn.

  • May 2, 2006

    Easy Gardener's Potential Buyers Vie For Position

    Two potential buyers are jockeying for position in hopes of acquiring the assets of bankrupt lawn and garden care product manufacturer Easy Gardener Products Ltd., and one is offering the debtor’s estate almost $2 million in “savings.”

  • May 1, 2006

    Easy Gardener Seeks To Retain Houlihan Lokey

    A week after winning court permission to borrow on its debtor-in-possession loan, bankrupt Easy Gardener Products Ltd. is seeking approval to hire Houlihan Lokey Howard & Zukin Capital Inc. as its financial adviser.

  • April 27, 2006

    Solutia Wins Six-Month Extension On Chapter 11 Plan

    Solutia Inc., a maker of glass products, nylon and other specialty products, was granted a six-month extension of its exclusive right to file a Chapter 11 plan on Thursday. The decision will help the company stave off the threat of a group of noteholders filing a rival plan.

  • April 27, 2006

    Easy Gardener Gets OK To Tap DIP Loan

    Cash-strapped Easy Gardener Products Ltd. got an infusion of capital last week when a federal bankruptcy judge conditionally approved its plan to borrow on its debtor-in-possession loan, in a ruling that allayed its proposed buyer's concerns about the lawn and garden product maker’s liquidity.

  • April 20, 2006

    Parmalat Claws Back At Capitalia With €4.5B Suit

    In the wake of Italy’s highest court upholding a controversial “clawback” law, Parmalat SpA has sued Capitalia SpA for €4.5 billion in damages for its alleged role in the Italian food and dairy giant’s scandal-ridden collapse.

  • April 18, 2006

    ConAgra Files Suit Over Egg-Substitute Patent

    ConAgra Foods Inc., one of the largest food manufacturers in North America, has filed a patent infringement lawsuit against rival distributor Michael Foods to protect its popular egg-substitute product.

  • April 5, 2006

    Italian Court Upholds Parmalat “Clawback” Law

    Aiding Parmalat SpA’s recovery from a massive accounting fraud scandal, Italy's highest court has upheld a controversial law allowing the food and dairy conglomerate to pursue up to €7.5 billion in claims against former bank creditors.

  • March 7, 2006

    Argentina Bids For E.U. Help In Monsanto Roundup Row

    A long-running feud between biotech giant Monsanto Co. and Argentina over royalty payments on genetically modified Roundup Ready soybeans has reached a boiling point, prompting the country to solicit intervention by the European Commission.

  • March 7, 2006

    Lumber Companies Allege Strand Board Conspiracy

    Several class action suits have been filed against North American producers of oriented strand board, with wholesale lumber companies lobbing allegations of conspiracy and price fixing at the strand board makers.

  • February 28, 2006

    Creditors Aware Of Fraud, Parmalat CEO Testifies

    Alleging breach of fiduciary duty, Parmalat SpA’s new chief executive testified that the dairy giant’s former financial partners were aware of the company’s financial state well before the massive financial scandal broke.

  • February 22, 2006

    Fiat Subpoenaed As SEC Widens Oil-For-Food Probe

    Struggling to determine if any wrongdoing occurred on U.S. soil, the U.S. Securities and Exchange Commission is pressing onward with its own investigation into the scandal surrounding the United Nations’ Iraq Oil-for-Food program, issuing its latest subpoena to Italian auto giant, Fiat SpA.

  • February 3, 2006

    Parmalat’s $10B Suit V. Bank of America To Proceed

    In a blow to Bank of America, a federal judge has given Parmalat SpA the green light to proceed with a $10 billion lawsuit against the bank, part of the vast array of litigation undertaken by the Italian dairy giant’s new management in the wake of its 2003 collapse.