Reynolds Wrap aluminum foil isn't 'Made in USA,' lawsuit claims [Reuters]
Reynolds Consumer Products Inc. (REYN)
Company Research
Source: Reuters
saying the foil is "Made in USA" though much of the raw material and manufacturing comes from elsewhere. According to a complaint on Wednesday night, substantially all bauxite that Reynolds Consumer Products (REYN.O) , opens new tab uses in its foil comes from outside the United States, which accounts for only a small percentage of global production of the ore. The complaint filed in Manhattan federal court also says a substantial amount of the bauxite is transformed into alumina and then into aluminum outside the United States. This makes Reynolds' "Foil Made in USA" claim on its packaging false and misleading to reasonable consumers, because they "value buying products which are made in America" and therefore would pay more, the complaint said. Reynolds, based in Lake Forest, Illinois, declined to comment, saying it does not discuss pending litigation. The lawsuit is led by Anaya Washington of Bronx, New York, and seeks at least $5 million of damages for New Yorkers who bo
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- Reynolds Consumer Products Declares Regular Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- Reynolds Consumer Products Declares Regular Quarterly Cash DividendBusiness Wire
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- Reynolds Consumer Products Inc. (NASDAQ: REYN) had its price target raised by analysts at Barclays PLC from $27.00 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
- Reynolds Consumer Products (REYN) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
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- 2/7/24 - Beat
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- 4/26/24 - Form 4/A
- 4/25/24 - Form 8-K
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- REYN's page on the SEC website