Albertsons dodges class action over 'rapid release' acetaminophen claims [Reuters]
Albertsons Companies, Inc. Class A (ACI)
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Source: Reuters
Previous lawsuits over acetaminophen 'rapid release' labeling have gone forward (Reuters) - Grocery store operator Albertsons Companies Inc has won dismissal of a proposed class action lawsuit accusing it of misleading consumers by selling "rapid release" acetaminophen tablets that allegedly dissolved more slowly than its standard version of the over-the-counter pain reliever. U.S. District Judge Richard Stearns in Boston ruled Friday that the lawsuit, filed in 2021 by Massachusetts resident Nicole Sapienza on behalf of a nationwide class of consumers, was blocked by the federal Food, Drug and Cosmetic Act, which governs drug labeling. Lawyers for Sapienza and Albertsons did not immediately respond to requests for comment. Acetaminophen is a popular pain reliever sold generically by many retailers and by Johnson & Johnson under the brand name Tylenol. Sapienza alleged in her lawsuit that independent testing showed Albertsons "rapid release" acetaminophen dissolved more slow
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ACI
News
- Albertsons Reduces Food Waste by Thinking About What Happens at Home: 'That's Where the Power of the Opportunity Is' [Yahoo! Finance]Yahoo! Finance
- Albertsons Companies, Inc. (NYSE: ACI) was upgraded by analysts at Roth Capital from a "neutral" rating to a "buy" rating.MarketBeat
- Albertsons (ACI) Q4 Earnings In Line, Sales Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Albertsons Companies, Inc. (NYSE: ACI) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $27.25 price target on the stock.MarketBeat
- Albertsons Companies, Inc. (NYSE: ACI) was upgraded by analysts at Roth Mkm from a "neutral" rating to a "buy" rating. They now have a $24.00 price target on the stock.MarketBeat
ACI
Earnings
- 4/22/24 - Beat
ACI
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- ACI's page on the SEC website