PepsiCo beats NY AG Letitia James’ ‘predatory’ lawsuit over plastics pollution

02.11.24 17:22 Uhr

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PepsiCo beat a lawsuit brought by New York Attorney General Letitia James over the company’s alleged plastics pollution after a judge criticized the case as predatory and dismissed the lawsuit.James failed to show that the beverage and snack-food company created a public nuisance with its single-use plastic packaging, Justice Emilio Colaiacovo of the state Supreme Court in Buffalo said Thursday.Colaiacovo, a Republican, ruled that it would run "contrary to every norm of established jurisprudence" to punish PepsiCo because people ignored littering laws, not the company."While I can think of no reasonable person who does not believe in the imperatives of recycling and being better stewards of our environment, this does not give rise to phantom assertions of liability that do nothing to solve the problem that exists," wrote Colaiacovo.PEPSICO ADDING MORE CHIPS TO BAGS AFTER ‘SHRINKFLATION’ COMPLAINTS"The judicial system should not be burdened with predatory lawsuits that seek to impose punishment while searching for a crime," he added.A spokeswoman for James said the attorney general's office is disappointed with the decision and reviewing its options, but was committed to protecting communities from plastic pollution, calling it "a major threat to our planet and our public health."PEPSICO LOWERS ANNUAL REVENUE FORECAST, SOFTER DEMAND AND GEOPOLITICAL TENSION WEIGHJames sued PepsiCo last November, arguing the company endangered Buffalo’s water supply with plastic waste, and deceived the public about their efforts to combat plastics pollution.Los Angeles County is also suing PepsiCo for the company’s alleged role in plastics pollution after filing a lawsuit Wednesday.Reuters contributed to this report. Weiter zum vollständigen Artikel bei FOX Business

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Analysen zu PepsiCo Inc.

DatumRatingAnalyst
30.03.2022PepsiCo OverweightJP Morgan Chase & Co.
26.03.2020PepsiCo kaufenDZ BANK
04.10.2019PepsiCo overweightJP Morgan Chase & Co.
18.04.2019PepsiCo NeutralGoldman Sachs Group Inc.
18.04.2019PepsiCo Sector PerformRBC Capital Markets
DatumRatingAnalyst
30.03.2022PepsiCo OverweightJP Morgan Chase & Co.
26.03.2020PepsiCo kaufenDZ BANK
04.10.2019PepsiCo overweightJP Morgan Chase & Co.
14.12.2017PepsiCo BuyDeutsche Bank AG
09.06.2017PepsiCo Market PerformBMO Capital Markets
DatumRatingAnalyst
18.04.2019PepsiCo NeutralGoldman Sachs Group Inc.
18.04.2019PepsiCo Sector PerformRBC Capital Markets
03.07.2018PepsiCo HoldDeutsche Bank AG
05.10.2017PepsiCo Sector PerformRBC Capital Markets
09.01.2017PepsiCo Equal WeightBarclays Capital
DatumRatingAnalyst
20.08.2018PepsiCo SellGoldman Sachs Group Inc.
09.07.2009PepsiAmericas underweightBarclays Capital
20.09.2005Update PepsiAmericas Inc.: UnderweightLehman Brothers

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