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Stock impact report

Lawsuit accuses major food companies of marketing 'addictive' food to kids [Yahoo! Finance]

Post Holdings, Inc. (POST) 
Last post holdings, inc. earnings: 2/6 05:00 pm Check Earnings Report
US:NYSE Investor Relations: postholdings.com/investor-relations
Company Research Source: Yahoo! Finance
Tuesday accusing them of designing and marketing "ultra-processed" foods to be addictive to children, causing chronic disease. The lawsuit was filed in the Philadelphia Court of Common Pleas by Bryce Martinez, a Pennsylvania resident who alleges he developed type 2 diabetes and non-alcoholic fatty liver disease, diagnosed at age 16, as a result of consuming the companies' products. His lawyers at the firm Morgan & Morgan, a major U.S. plaintiffs' firm, described the case as the first of its kind. The other companies being sued are Post Holdings, PepsiCo, General Mills, Nestle's U.S. arm, WK Kellogg, Mars, Kellanova and Conagra. "There is currently no agreed upon scientific definition of ultra-processed foods," Sarah Gallo, senior vice president of product policy for the Consumer Brands Association, an industry group representing food and beverage makers, said in a statement. "Attempting to classify foods as unhealthy simply because they are processed, or demonizing food by i Show less Read more
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