PepsiCo beats New York state's 'predatory' lawsuit over plastics pollution [Yahoo! Finance Canada]
PepsiCo, Inc. (PEP)
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Source: Yahoo! Finance Canada
Justice Emilio Colaiacovo of the state Supreme Court in Buffalo said on Thursday that James failed to show PepsiCo created a public nuisance and should have warned consumers about the health and environmental risks of plastics in more than 100 of its brands. James sued PepsiCo and its Frito-Lay unit last November, seeking to hold them liable for endangering Buffalo's water supply by generating 17% of the plastic waste found in and near the Buffalo River. She also said the defendants deceived the public about their efforts to fight plastics pollution. But the judge ruled it would run "contrary to every norm of established jurisprudence" to punish PepsiCo, because it was people, not the company, who ignored laws prohibiting littering. He also said James, a Democrat, ignored a 2003 appeals court's refusal to hold Sturm Ruger liable when criminals use its handguns and risk opening the floodgates to public nuisance lawsuits. James' predecessor, Eliot Spitzer, brought that case. "W
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PEP
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- 10/9/24 - Beat
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- 10/3/24 - Form 4
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