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Mexico's Bimbo files $1.4 billion lawsuit against Maple Leaf Foods
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Mexico's Bimbo files $1.4 billion lawsuit against Maple Leaf Foods
Nov 29, 2024 4:17 AM

Nov 29 (Reuters) - Mexico's Grupo Bimbo has

filed a lawsuit against Maple Leaf Foods ( MLFNF ) and former

senior executives of the Canadian company, it said on Friday,

seeking more than 2 billion Canadian dollars ($1.43 billion) in

damages.

The lawsuit is related to the 2014 sale of then Maple

Leaf-controlled Canada Bread Company to Bimbo, the Mexican firm

said in a statement, citing "fraudulent and negligent

misrepresentation" during the sale process.

Maple Leaf did not immediately respond to a request for

comment.

($1 = 1.3997 Canadian dollars)

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