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In Re: Kraft Heinz Shareholder Derivative Litigation
Case Number:
1:20-cv-02259
Court:
Nature of Suit:
160(Contract: Stockholders Suits)
Judge:
Firms
Companies
Sectors & Industries:
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March 31, 2023
Kraft Heinz Escapes Consolidated Derivative Investor Suit
An Illinois federal judge on Friday tossed a derivative suit brought by investors of Kraft Heinz that claim the company's board of directors overstated its financial health to cover up damaging accounting practices, ruling that the investors did not adequately plead that it would have been futile to make a pre-suit demand on the board, among other things.
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April 20, 2020
Investor Seeks To Combine Kraft Heinz Derivative Suits
Investors bringing four related derivative actions accusing Kraft Heinz's board of directors of overstating its financial health to cover up damaging accounting practices have asked an Illinois federal court to combine the recently transferred cases and appoint Robbins Geller Rudman & Dowd LLP lead counsel.