financetom
Business
financetom
/
Business
/
Major food companies accused of marketing 'addictive' food to kids
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Major food companies accused of marketing 'addictive' food to kids
Dec 10, 2024 5:44 PM

Dec 10 (Reuters) - Major food companies, including Kraft

Heinz ( KHC ), Mondelez ( MDLZ ) and Coca-Cola, were hit

with a new lawsuit in the U.S. on Tuesday accusing them of

designing and marketing "ultra-processed" foods to be addictive

to children, causing chronic disease.

The lawsuit was filed in the Philadelphia Court of Common

Pleas by Bryce Martinez, a Pennsylvania resident who alleges he

developed type 2 diabetes and non-alcoholic fatty liver disease,

diagnosed at age 16, as a result of consuming the companies'

products.

His lawyers at the firm Morgan & Morgan, a major U.S.

plaintiffs' firm, described the case as the first of its kind.

The other companies being sued are Post Holdings ( POST ),

PepsiCo ( PEP ), General Mills ( GIS ), Nestle's U.S.

arm, WK Kellogg, Mars, Kellanova ( K ) and Conagra

. The defendants did not immediately respond to requests

for comment.

Evidence has grown in recent years that highly processed

foods are linked to a wide range of chronic health problems.

Food considered "ultra-processed" includes many packaged snack

foods, sweets and soft drinks that use substances extracted from

foods or synthesized artificially.

Current U.S. Food and Drug Administration Robert Califf has

said that ultra-processed foods are likely addictive. Robert F.

Kennedy Jr., president-elect Donald Trump's pick to lead the

U.S. Department of Health and Human Services, has criticized the

food industry and the FDA for failing to regulate it.

Martinez's lawsuit alleges the food companies have long

known their products are harmful and deliberately engineered

them to be as addictive as possible. It argued that they are

drawing from the same "cigarette playbook" as tobacco giants

Philip Morris ( PM ) and R.J. Reynolds, which for a time owned the

companies that became Kraft Heinz ( KHC ) and Mondelez ( MDLZ ).

The lawsuit includes claims for conspiracy, negligence,

fraudulent misrepresentation and unfair business practices. It

seeks an unspecified amount of compensatory and punitive

damages.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With BrainsWay Shares Monday?
What's Going On With BrainsWay Shares Monday?
Oct 2, 2024
BrainsWay Ltd. ( BWAY ) stock is trading higher on Monday after the company announced a $20 million investment from Valor Equity Partners. The Details: BrainsWay ( BWAY ) will issue a total of 2,103,745 American Depositary Shares (ADSs) at a purchase price of $9.51 per share, representing a 20% premium over the average ADSs price during the past 30...
Planet Labs Signs 12-Month Contract Renewal With Brazilian Federal Police
Planet Labs Signs 12-Month Contract Renewal With Brazilian Federal Police
Oct 2, 2024
10:43 AM EDT, 09/30/2024 (MT Newswires) -- Planet Labs PBC ( PL ) said Monday the Federal Police of Brazil has renewed its contract with the company for its global daily monitoring of threatened rainforests for 12 months. The contract has a seven-figure value, Planet Labs said, adding that it was formalized through the company's SCCON Geospatial partner. Price: 2.25,...
Mastercard, Amazon Payment Services to Digitize Payment Acceptance in Middle East, Africa
Mastercard, Amazon Payment Services to Digitize Payment Acceptance in Middle East, Africa
Oct 2, 2024
10:43 AM EDT, 09/30/2024 (MT Newswires) -- Mastercard ( MA ) said Monday it has entered a multiyear commercial partnership with Amazon.com's ( AMZN ) Amazon Payment Services to enable digital payment acceptance across various countries in the Middle East and Africa, including the United Arab Emirates and South Africa. Amazon Payment Services will implement Mastercard Gateway as a unified...
Scorpius Holdings Signs Bioanalytical Services Contract With Clinical-Stage Biotech Firm
Scorpius Holdings Signs Bioanalytical Services Contract With Clinical-Stage Biotech Firm
Oct 2, 2024
10:39 AM EDT, 09/30/2024 (MT Newswires) -- Scorpius Holdings ( SCPX ) said Monday it signed a contract to provide a publicly traded clinical-stage immuno-oncology company with bioanalytical services. Financial terms of the contract were not disclosed. Shares of Scorpius Holdings ( SCPX ) were up 3.8% in recent trading. Price: 0.76, Change: +0.03, Percent Change: +3.84 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved