Legal

Beyond Meat was issued a class action lawsuit by institutional shareholders alleging that the plant-based meat company’s executives knowingly misled its investors about the strength of the company’s manufacturing and foodservice partnerships while, in the process, profiting on the inflated share price.

A bipartisan bill in Congress will offer SNAP recipients access to frozen produce, Motif FoodWorks is launching a foodservice portfolio of its plant-based meat products and NFL quarterback Aaron Rodgers’ private equity firm RX3 Growth Partners announces a $150M fund II.

Gourmend Foods is suing the USDA and FDA over the use of proven, low-FODMAP labeling claims on beef bone broth packages saying “the government does not get to decide which facts consumers are allowed to learn.”

UNFI is facing legal action from shareholders after allegedly providing false and misleading financial information following the roll out of its Value Path cost savings initiative, launched in the wake of pandemic-induced supply chain volatility.

The fate of a putative consolidation accusing baby food maker Beech-Nut Nutrition Co. of violating consumer protection laws by including toxic amounts of heavy metals in its products is now in the hands of the Food & Drug Administration (FDA) after a New York federal judge on Thursday ruled the court does not have jurisdiction over the case.

In this week’s roundup: Albertsons launches emerging brand competition; Post Holdings sues LA-based rock band OK Go; Whole Foods aims to increase store expansions three-fold; Campbell’s consolidates snack offices and SPAM gets stylish.

The Washington State Supreme Court has cleared the way for Albertsons to pay out a $4 billion shareholder dividend after it sided with a lower court trial judge in declining the state attorney general’s request to appeal an injunction on Tuesday.

Both organic and conventional chocolate makers came under fire when a Consumer Reports study found potentially hazardous levels of lead and cadmium in 28 dark chocolate products. The issue became more complex when Trader Joe’s and Hershey’s, were served with class action lawsuits.

Grillo’s is taking Wahlburgers to court over pickles, a data company unveils its cattle carbon credits at the CES Convention, Jenny Craig launches a ready-made, meal delivery platform and precision fermentation company Liberation Labs closes seed funding round.

A Washington, D.C. Circuit court panel sided with Albertsons on Tuesday refusing to impose an emergency pause on the grocery chain’s planned $4 billion shareholder dividend filed in the court a month and a half ago.