• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

McCarter & English Logo

  • People
  • Services
  • Insights
  • Our Firm
    • Leadership Team
    • Social Justice
    • Diversity, Equity & Inclusion
    • Pro Bono
    • Client Service Values
    • Alumni
  • Join Us
    • Lawyers
    • Summer Associates
    • Patent Professionals
    • Professional Staff
    • Job Openings
  • Locations
    • Boston
    • Philadelphia
    • East Brunswick
    • Indianapolis
    • Stamford
    • Hartford
    • Trenton
    • Miami
    • Washington, DC
    • New York
    • Wilmington
    • Newark
  • Share

Share

Browse Alphabetically:

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z
  • All
Bankruptcy, Restructuring & Litigation
Blockchain, Smart Contracts & Digital Currencies
Business Litigation
Cannabis
Coronavirus Resource Center
Corporate
Crisis Management
Cybersecurity & Data Privacy
Delaware Corporate, LLC & Partnership Law
Design, Fashion & Luxury
E-Discovery & Records Management
Energy & Utilities
Environment & Energy
Financial Institutions
Food & Beverage
Government Affairs
Government Contracts & Global Trade
Government Investigations & White Collar Defense
Healthcare
Hospitality
Immigration
Impact Investing
Insurance Recovery, Litigation & Counseling
Intellectual Property
Labor & Employment
Life Sciences
Manufacturing
Products Liability, Mass Torts & Consumer Class Actions
Public Finance
Real Estate
Renewable Energy
Sports & Entertainment
Tax & Employee Benefits
Technology Transactions
Transportation, Logistics & Supply Chain Management
Trusts, Estates & Private Clients
Venture Capital & Emerging Growth Companies
  • Broadcasts
  • Events
  • News
  • Publications
  • View All Insights
Search By:
Insights News Newspaper Stack
Main image for Campbell Soup Beats Investor Suit Over Financial Outlook
News

Campbell Soup Beats Investor Suit Over Financial Outlook

Law360

12.9.2020

A New Jersey federal judge has canned a consolidated proposed securities class action against Campbell Soup Co. over its rosy financial projections for the company’s fresh foods division, finding that investors had not sufficiently alleged the food giant acted knowingly or recklessly in making purported misrepresentations.

Lead plaintiff the Oklahoma Firefighters Pension and Retirement System, which sought to represent a class of investors who bought Campbell stock between July 19, 2017, and May 17, 2018, has claimed Campbell duped investors into purchasing stock to boost the company’s overall credit rating to complete Campbell Fresh’s acquisition of Snyder’s-Lance Inc., the opinion said.

But Campbell has offered a more compelling narrative that following a recall by Campbell Fresh’s Bolthouse Farms, company executives really believed that “through the sale of other products not affected by the recall, introduction of new beverage products, increases in capacity of beverages, and cost cuts the company would be profitable again in FY18,” according to the opinion.

Campbell is represented by McCarter’s Robert Mintz and Brian Carroll and Weil, Gotshal & Manges.

more information (subscription required)

sidebar

pdfemail

Related People

Media item: Robert A. Mintz
Robert A. Mintz

Partner

Related Services

Government Investigations & White Collar Defense
Business Litigation
Subscribe to our Insights
McCarter & English, LLP
Copyright © 2023 McCarter & English, LLP. All Rights Reserved.
  • Login
  • Attorney Advertising
  • Privacy
  • Awards Methodology
  • Contact
  • Subscribe
  • Sitemap

The McCarter & English, LLP website is for informational purposes only. We do not provide legal advice on this website. We can provide legal advice only to our clients in specific inquiries that they address to us. If you are interested in becoming a client, please contact us, but do not send any information about your specific legal question. We cannot serve as your lawyers until we establish an attorney-client relationship, which can occur only after we follow procedures within our firm and after we agree to the terms of the representation.

Accept Cancel