US: ConAgra, Trader Joe's sued for "antitrust violation"
ConAgra Foods denies antitrust allegations
Maxim Marketing Corporation has accused US food giant ConAgra Foods and local retailer Trader Joe's of breaking competition law and demanded damages of US$60m for the "destruction" of the group's peanut butter filled pocket pretzel business.
According to Maxim CEO Terry Kroll, the small California-based business had supplied Trader Joe's with peanut butter pocket pretzels for 25 years.
In 2013, the pretzel maker that supplied Maxim was bought out by ConAgra and subsequently cancelled its supply deal with the group. "Soon thereafter, ConAgra began selling the identical pretzels - down to the exact same bag - to Trader Joe's," Kroll said.
Maxim has filed a lawsuit with the Los Angeles County Superior Court for breach of contract, intentional interference with contractual relations and violation of California antitrust law.
"The lawsuit alleges that the actions of Trader Joe's and ConAgra breach a number of their obligations to Maxim and also violated California antitrust law, the Cartwright Act, which allows for treble damages and attorney's fees," Kroll said.
ConAgra insisted that the allegations contained in the lawsuit were groundless. "While we don't comment on pending litigation, we find this lawsuit to be without merit and intend to vigorously defend this litigation," a spokesperson for the company told just-food.
Trader Joe's was unavailable for comment at time of press.
ConAgra Foods, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. ConAgra Foods, Inc. - SWOT Analysis examines the company’s key business struc......
Synopsis Canadean's "ConAgra Foods, Inc. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile ...
ConAgra Foods Inc is looking to drive growth through the continued development of its private label portfolio and through product innovation. ConAgra is now the largest private label manufacturer in N...
This report analyzes the worldwide markets for Kids' Food and Beverages in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin Amer...
- Comment: Nestle reacts to world of 3G and Buffett
- Why it is too early to call Unilever food revival
- France takes big step to uniform FOP labels
- What the analysts say: The verdict on Danone's Q1
- How will Flowers Foods grow in speciality bread?
- Unilever food, refreshment sales rise
- Fonterra says rain needed to maintain milk supply
- Organic food sales in US up 11% in 2014
- UPDATE: Danone CEO upbeat on 2015 growth
- Nestle in "exclusive" Davigel talks with Brakes