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Stockreport

Kraft Heinz must face Mac & Cheese lawsuit, judge rules [Yahoo! Finance Canada]

The Kraft Heinz Company (KHC)  More Company Research Source: Yahoo! Finance Canada
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
(Reuters) - A federal judge said Kraft Heinz must face a proposed nationwide class action alleging that it defrauded consumers by claiming its Kraft macaroni and cheese, one of its best-known products, contains no artificial preservatives. In a decision on Wednesday, U.S. District Judge Mary Rowland said the Illinois, California and New York consumers leading the lawsuit plausibly alleged that Kraft Mac & Cheese contained a synthetic form of citric acid that differed from the natural variety, and also contained sodium phosphates. The Chicago-based judge said the plaintiffs specifically alleged that the ingredients functioned as preservatives, making Kraft Heinz's claim of "No Artificial Flavors, Preservatives or Dyes" on labels false, and cited academic studies and U.S. Food and Drug Administration guidance to support their case. "These allegations are enough to withstand a motion to dismiss," she wrote. Rowland agreed with Kraft Heinz that the plaintiffs lacked standing to d [Read more]
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Stockreport

Kraft Heinz must face Mac & Cheese lawsuit, judge rules [Yahoo! Finance Canada]

The Kraft Heinz Company  (KHC) 
More Company Research Source: Yahoo! Finance Canada
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
(Reuters) - A federal judge said Kraft Heinz must face a proposed nationwide class action alleging that it defrauded consumers by claiming its Kraft macaroni and cheese, one of its best-known products, contains no artificial preservatives. In a decision on Wednesday, U.S. District Judge Mary Rowland said the Illinois, California and New York consumers leading the lawsuit plausibly alleged that Kraft Mac & Cheese contained a synthetic form of citric acid that differed from the natural variety, and also contained sodium phosphates. The Chicago-based judge said the plaintiffs specifically alleged that the ingredients functioned as preservatives, making Kraft Heinz's claim of "No Artificial Flavors, Preservatives or Dyes" on labels false, and cited academic studies and U.S. Food and Drug Administration guidance to support their case. "These allegations are enough to withstand a motion to dismiss," she wrote. Rowland agreed with Kraft Heinz that the plaintiffs lacked standing to d [Read more]
IMPACT SNAPSHOT
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KHC
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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MAX UP
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Low:
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Low:
%
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%
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%
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%
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TICKS
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS