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
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
Dean's offer to you
Risk-free, money-back guarantee
Most Popular
Insights
- How could Whole Foods takeover affect suppliers?
- Minor role for direct-to-consumer in US e-commerce
- Why Big Data Collaboration could be the new ECR
- How Nestle's US candy review has divided analysts
- Interview: The UTZ, Rainforest Alliance merger
News
- Nestle feels heat from activist investor
- Brexit - UK makes offer on EU citizens
- Kraft Heinz launches into wet ambient soups in UK
- GlaxoSmithKline 'lining up MaxiNutrition for sale'
- Nestle "open" to buying stakes in Terra start-ups
Market research
