LaCroix parent company's stock falls to multiyear low following lawsuit

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Shares of National Beverage hit their lowest point since 2016 after a former employee filed a lawsuit alleging he was fired after objecting to a plan to falsely claims that LaCroix cans were free of a particular chemical.

The lawsuit alleges National Beverage President Joseph Caporella fired an employee who objected to false statements about the chemicals in LaCroix cans.

The lawsuit was filed in New Jersey by former employee Albert Dejewski, who alleges he was fired after objecting to the plan to falsely say that LaCroix cans did not contain a chemical called Bisphenol A, also known as BPA. Joseph Caporella, the president of National Beverage, is also named as a defendant in the suit.

"The FDA has stated BPA liners are safe and pose no risk at the trace levels found from its use in can linings of food and beverage products."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nothing is better than a cold LaCroix

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks gain as Mexico tariffs averted, yuan falls to 2019 lowsU.S. stock futures and Asian shares rose on Monday after the United States dropp...
Source: Reuters - 🏆 2. / 97 Read more »

Karen Murphy O'Brien Shares Her Secret To Staying In Business For Over 30 YearsKaren Murphy O'Brien shares her secrets to building a long-lasting and sustainable business.
Source: ForbesWomen - 🏆 477. / 51 Read more »

Asia stocks gain amid Mexico reprieve, firmer Chinese sharesAsian stocks, led by Chinese shares, gained on Tuesday as markets basked in reli... yw.
Source: Reuters - 🏆 2. / 97 Read more »