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

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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."

 

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