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Stock impact report

Danone wins dismissal of Evian microplastics lawsuit in Chicago [Yahoo! Finance Canada]

DANONE S/ADR (DANOY) 
"The regulation defines 'spring water' as, in part, the water that is harvested from a 'natural spring,'" Durkin wrote. "As long as water comes from a 'natural spring' it can be labeled 'spring water,' and by extension 'natural.'" Durkin found it unnecessary to address whether the regulation also addresses the content of water, not just the source. Michael Daly and Michael Dotson, who led the proposed class action, said Danone's labeling caused them to pay premium prices for Evian, which they called a "non-premium" product. They sought unspecified damages of at least $5 million for U.S. purchasers over the last five years. Durkin gave them until Dec. 6 to amend their complaint. Lawyers for the plaintiffs did not immediately respond on Wednesday to requests for comment. Danone, based in Paris, and its lawyer did not immediately respond to similar requests. The lawsuit is among hundreds of proposed class actions filed annually against food producers, many challenging the accu Show less Read more
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