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Stock impact report

Constellation defeats InBev appeal over Corona, Modelo seltzer branding [Reuters]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: Reuters
hard seltzers do not violate the trademark rights of Anheuser Busch InBev's (ABI.BR) , opens new tab Grupo Modelo, the maker of Corona and Modelo beers. The 2nd U.S. Circuit Court of Appeals said the jury properly determined , opens new tab that Constellation's contract to distribute Modelo beers in the U.S. also allowed it to sell hard seltzers using Modelo brand names, in a case that revolved around the companies' definition of "beer." Representatives for InBev and Constellation did not immediately respond to requests for comment on the decision. InBev purchased Mexico-based Modelo in 2013. Modelo sued Constellation in 2021 and alleged that Constellation's Corona Hard Seltzer and Modelo Ranch Water breached a provision of their distribution agreement and infringed Modelo's trademarks. Modelo said that their agreement only allowed Constellation to sell beer and malt beverages using Modelo's branding, while Constellation argued that the agreement's definition of "beer" also co Show less Read more
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