{"id":8044,"date":"2008-07-07T00:00:00","date_gmt":"2008-07-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"coca-cola-agrees-to-1375-mln-settlement-in-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/coca-cola-agrees-to-1375-mln-settlement-in-case.html","title":{"rendered":"Coca-Cola agrees to $137.5 mln settlement in case"},"content":{"rendered":"<p>Reuters-&nbsp; <span class=\"yshortcuts\">Coca-Cola Co<\/span> (KO.N) agreed to pay  $137.5 million to settle a shareholder lawsuit that claimed the  world&#8217;s largest soft drink maker artificially inflated sales to  boost its stock price, according to court documents.                                                                         <\/p>\n<p>  The lawsuit, filed in October 2000, claimed that in 1999  Coca-Cola had forced some bottlers to purchase hundreds of  millions of dollars of unnecessary beverage concentrate in an  effort to make its sales seem higher.<\/p>\n<p>  Bottlers use the beverage concentrate to make soft drinks.<\/p>\n<p>  <span class=\"yshortcuts\">Institutional investors<\/span>, led by Carpenters Health &amp; Welface  Fund of Philadelphia &amp; Vicinity, said the practice, known as  &quot;channel stuffing,&quot; artificially inflated Coca-Cola&#8217;s results  and gave investors a false picture of the company&#8217;s health.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20080707\/bs_nm\/cocacola_settlement_dc\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters-&nbsp; Coca-Cola Co (KO.N) agreed to pay $137.5 million to settle a shareholder lawsuit that claimed the world&#8217;s largest soft drink maker artificially inflated sales to boost its stock price, according to court documents. The lawsuit, filed in October 2000, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[517,117,65,91,1308,1307,1306,620],"class_list":["post-8044","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-founding-partners","tag-investment-arm","tag-june-14","tag-luxembourg","tag-melissa","tag-new-haven","tag-severance-packages","tag-upfront"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8044"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8044\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}