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Class Action Against Over Mac & Cheese and Phthalates Transferred to N.D. Illinois

Class Action Against Over Mac & Cheese and Phthalates Transferred to N.D. Illinois
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Kraft Heinz Deceptive Labeling Settlement Approved

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Kraft Heinz $16M Coffee Label Deal Is 'Good To Last Drop'

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Kraft Heinz $16M Coffee Label Deal Is Good To Last Drop
Law360 (July 13, 2021, 10:04 PM EDT) A Florida federal judge gave his blessing Tuesday to a $16 million class settlement resolving claims that Kraft Heinz Foods Co. used deceptive labeling to overstate the amount of ground coffee in its Maxwell House and Yuban brands, saying the deal is good to the last drop.
U.S. District Judge Rodolfo A. Ruiz II granted final approval to a settlement that requires Kraft Heinz to make available up to $16 million for the benefit of class members who can provide proof of purchases for either coffee brand to recover $0.80 per unit, up to a maximum of $25 per household, or. ....

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Inflation Haunts Stock Traders in Blockbuster Earnings Season

Publishing date: May 02, 2021 • 2 hours ago • 4 minute read •
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(Bloomberg) Overflowing cargo ships, snarled production lines, copper above $10,000 and a start to earnings season that’s smashing records.
As developed economies reopen and the newly vaccinated embrace their pre-Covid ways, the global rebound is proving vigorous but messy. For equity investors, the most pressing question is whether the return of inflation spoils returns and eats into corporate profits.
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Inflation Haunts Stock Traders in Blockbuster Earnings Season Back to video
Accelerating prices and fears the U.S. Federal Reserve will tighten policy to tame them top the list of money-managers’ concerns, according to Bank of America Corp.’s monthly investor survey. Almost half of those polled by UBS AG predict inflation will quicken over the coming three years. ....

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Unlike Kraft, Tyson Foods Can't Nix Turkey Price-Fixing Suit

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Unlike Kraft, Tyson Foods Can t Nix Turkey Price-Fixing Suit
Law360 (April 21, 2021, 8:52 PM EDT) Tyson Foods Inc. and three subsidiaries lost their bid Wednesday for judgment on unjust enrichment claims in a proposed antitrust class action after an Illinois federal judge found that a catering company has plausibly accused the turkey producers of conducting an illegal price-fixing scheme.
In their December motion for judgment on the pleadings, the Tyson defendants urged U.S. District Judge Virginia Kendall to dismiss the revised claims New York-based Sandee s Catering brought on behalf of other indirect turkey purchasers. They urged the judge to use the same reasoning that guided the court in tossing Kraft Heinz Foods Co. from the case two. ....

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