Kraft Heinz must face shareholder lawsuit over merger, $15.4 bln writedown - Reuters

11:13am PDT - August 13th, 2021    scratch - Reuters

A federal judge said Kraft Heinz Co must face a proposed class action over the packaged food company's failed push to aggressively cut costs, culminating in a $15.4 billion writedown and a U.S. Securities and Exchange Commission accounting probe.