ConAgra must face lawsuit over seafood sustainability claims [Reuters]
ConAgra Brands, Inc. (CAG)
Last conagra brands, inc. earnings: 3/31 07:28 am
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Source: Reuters
Paul's and Van de Kamp's fish products were sustainably sourced. U.S. District Judge Virginia Kendall in Chicago rejected ConAgra's argument that the phrase "Good for the Environment" on packaging was "puffery," meaning an overstatement or exaggeration that could not support the proposed class action. Consumers alleged that ConAgra sourced pollock in the Bering Sea from Russian fisheries that used huge nets - sometimes larger than two American football fields - to catch fish, and indiscriminately trapped and killed endangered fish species. They said this rendered "meaningless" ConAgra's claim on packaging that the nonprofit Marine Stewardship Council (MSC) had certified the fisheries as sustainable. The consumers said they would not have bought or would have paid less for ConAgra's fish products had they known the truth, and sought unspecified damages for a nationwide class. Other fish producers including privately-held Bumble Bee Foods have faced similar lawsuits. In a 25
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CAG
Earnings
- 4/4/24 - Beat
CAG
Sec Filings
- 4/4/24 - Form 10-Q
- 4/4/24 - Form 8-K/A
- 4/4/24 - Form 8-K
- CAG's page on the SEC website