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Food & Beverage

  • April 8, 2013

    Jana Says 2 Board Picks Approved In Agrium Shakeup Effort

    Activist hedge fund Jana Partners LLC on Monday declared a partial victory in its effort to shake up Canadian fertilizer company Agrium Inc., saying it had attracted enough shareholder support to appoint a pair of its director-nominees to the firm's board.

  • April 8, 2013

    Law Firms Want Judge DQ'd In Bayer Settlement Fund Row

    A group of law firms targeted for their refusal to contribute to a common benefit fund in a multidistrict litigation over crop contamination by Bayer AG's genetically modified rice accused the MDL's presiding judge of bias and demanded her recusal on Friday.

  • April 5, 2013

    Slaughterhouse Funder Says Beef Recall Suit Lacks Damages

    Slaughterhouse financier Cattleman's Choice Inc. is still asking the court for partial summary judgment in a lawsuit over one of the largest beef recalls in U.S. history, insisting Thursday the government has the burden of proof to show damages over meat that allegedly came from mistreated cows, not the other way around.

  • April 5, 2013

    Agrium Shakeup Gets Thumbs Down From Canadian Pension

    One of Canada's biggest pension funds on Friday said it voted against a shakeup at fertilizer company Agrium Inc. ahead of an upcoming shareholder summit, dealing a blow to activist hedge fund Jana Partners LLC and its hotly contested effort to redirect the company.

  • April 4, 2013

    Tyson Foods Exposed Workers To Toxic Gas, DOJ Says

    Tyson Foods Inc. agreed Thursday to a $4.25 million settlement to resolve allegations the same day by the the U.S. Department of Justice that its lax environmental controls at its facilities led to accidental releases of a toxic refrigerant gas that caused dozens of worker injuries in the past five years. 

  • April 4, 2013

    Ex-SK Foods Head Can't Avoid Prison During Restitution Case

    A California federal judge on Thursday rejected a former SK Foods LP CEO's request that his imprisonment be delayed so he can attend court proceedings surrounding the restitution he may have to pay in connection with his price-fixing and racketeering scheme.

  • April 4, 2013

    EEOC Loses Jury Trial In Sex Harassment Case

    A Washington federal jury on Wednesday rejected a suit brought by the U.S. Equal Employment Opportunity Commission on behalf of Evans Fruit Co. Inc. workers accusing the apple producer of subjecting female employees to a culture of unwanted sexual advances.

  • April 2, 2013

    USDA Urged To Adopt Country-Of-Origin Meat Labeling Plan

    More than 200 advocacy groups pushed the U.S. Department of Agriculture on Tuesday to adopt recently proposed changes to American country-of-origin meat labeling rules — alterations required by a World Trade Organization ruling that the old labels were unfair.

  • April 1, 2013

    Jana Blasts Agrium Over Plot To Sway Votes In Board Row

    New York-based activist hedge fund Jana Partners LLC slammed the management of Canadian fertilizer company Agrium Inc. on Monday for paying investment advisers and brokers to persuade their clients to vote for Agrium board nominees, the latest spat in a fight over Jana's plan to appoint five new directors.

  • April 1, 2013

    Dairy Farmers' Attys Seek $53M Fees In Antitrust Case

    The attorneys for a class of dairy farmers on Wednesday defended their bid for nearly $53 million in fees from a $158.6 million antitrust settlement they negotiated with Dairy Farmers of America Inc. and others over the price of milk in the Southeast U.S., saying the deal and fees should be approved.

  • March 29, 2013

    9th Circ. Revives SK Foods Price-Fixing Victim's Suit

    The Ninth Circuit on Friday revived a request for restitution from a company that claims it fell victim to a former SK Foods LP CEO's criminal price-fixing and racketeering scheme, saying the lower court had improperly denied the bid for restitution.

  • March 28, 2013

    US Eases Restrictions On European Poultry

    The U.S. Department of Agriculture declared most of the European Union free of two highly contagious avian illnesses Thursday, allowing regulators to ease import restrictions on poultry and fertilized eggs.

  • March 27, 2013

    USTR Wants ITC's Take On Impact Of US-EU Free Trade Pact

    The U.S. Trade Representative on Tuesday asked the U.S. International Trade Commission to draft a report advising it of the probable economic effects of providing duty-free treatment to European Union products, as the U.S. gears up for negotiations on a trans-Atlantic free-trade pact.

  • March 27, 2013

    USDA Can Overrule Courts On GE Crops Under Spending Bill

    A temporary measure signed by President Obama Tuesday that gives the USDA power to temporarily deregulate genetically engineered food even if a court has blocked its production has outraged some food groups who say the move circumvents courts' authority.

  • March 27, 2013

    Proxy Adviser Stalwarts Divided Over Agrium's Control

    Top proxy adviser Institutional Shareholder Services Inc. said Wednesday it supported activist hedge fund Jana Partners LLC's plan to shake up leadership at Canadian fertilizer company Agrium Inc., leveling the field after a well-known rival firm on Tuesday endorsed the existing management team.

  • March 26, 2013

    Crop Dusters Don't Owe Fees To Herbicide Co., 8th Circ. Says

    Universal Cooperatives Inc., which was sued by farmers after its weed killer drifted into their cotton fields, can't recover attorneys' fees from third-party crop dusters because it lacked a legitimate beef with them, the Eighth Circuit ruled Tuesday.

  • March 26, 2013

    USDA's Grape Patents Preserved In Public Use Dispute

    A California federal judge on Monday refused to invalidate the U.S. Department of Agriculture's patents for two table grape varieties, ruling that a jury should decide whether they were grown in public more than a year before the USDA filed patent applications for them.

  • March 26, 2013

    Monsanto, DuPont Reach $1.8B Deal To End Antitrust, IP Row

    Monsanto Co. and DuPont Co. have agreed to drop patent infringement and antitrust claims against one another, reaching a deal in which DuPont will pay at least $1.75 billion in royalties for access to Monsanto's patented herbicide-resistant seed technology, the parties said Tuesday.

  • March 25, 2013

    White House Weakened Food Safety Rule, Docs Show

    The White House removed requirements for product testing and environmental monitoring from a major food safety rule that the U.S. Food and Drug Administration had sought to include in the proposal, according to recently published documents.

  • March 25, 2013

    Latest FDA User Fee Bill Unlikely To Include Major Reforms

    This year's U.S. Food and Drug Administration animal-drug user fee reauthorization won't come nearly as loaded with FDA reforms as past user fee bills, experts say, warning the legislation is unlikely to build the necessary political momentum to push through the more controversial measures that drugmakers and public health groups would like to see.