US retailer Fleming yesterday [Wednesday] said a lawsuit alleging its inflated its stock price by falsely portraying sales is 'baseless'. Shares in the group have fallen to their lowest level in decades since the lawsuit was filed on 30 August. Filed in a federal district court, the suit alleges that Fleming deliberately misled shareholders by releasing upbeat statements about its financial shape, thus driving the stock price up.
USA: Fleming slams lawsuit as ‘baseless’ - MEMBERS
Get full access to all content, just $1 for 30 days
just-food gives you the widest food market coverage.
But only paid just-food members have full, unlimited access to all our exclusive content - including 19 years of archives.
Try just-food for 30 days and get the research report; ‘Is sugar the next tobacco’ for free!
Dean Best, editor of just-food
Risk-free, money-back guarantee
Do you get our newsletters? If yes, log in to your account to access your FREE READS. Don't know your password? That's cool - you can reset it here.
Most Popular
Insights
- How M&A in packaged food looked in H1 2019
- Hatching new ideas - incubators and accelerators
- How should food companies work with Alibaba?
- Why baby boomers shouldn't be overlooked
- Takeaways: Kraft Heinz results disappoint again
News
- Global meat alternatives growth forecast issued
- Hershey takes stake in Irish snack brand
- More job cuts to come at Kraft Heinz
- The new products that caught the eye this week
- Mars reveals latest accelerator cohort
Market research
- Breakfast Cereals (Bakery & Cereals) Market in United States of America - Outlook to 2023: Market Size, Growth and Forecast Analytics
- Sustainability in UK Retail, 2019: Case studies and consumer attitudes
- Country Profile: Bakery & Cereals in the UK
- Bread & Rolls (Bakery & Cereals) Market in Japan - Outlook to 2023: Market Size, Growth and Forecast Analytics
- Breakfast Cereals BRIC (Brazil, Russia, India, China) Industry Guide 2013-2022
