USA: The Coca-Cola Company announces settlement terms of discrimination lawsuit
The Coca-Cola Company (NYSE: KO) announced yesterday the settlement terms of a class action discrimination lawsuit consisting of both monetary and programmatic elements.The Company said the monetary settlement includes cash payments to fund back pay, compensatory damages, a promotional achievement fund, and attorneys' fees. In addition, the Company introduced a wide range of training, monitoring and mentoring programs. The Company is also making a $50 million donation to The Coca-Cola Foundation to continue its broad range of community support programs.Based on all payments and initiatives related to the settlement, the Company will record a one-time charge of $188 million in the fourth quarter.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Interview - Bernstein analyst Trevor Stirling
- Is Irish whiskey ready to recognise its potential?
- Trump, local spirits and the IR role - The Analyst
- The European beer market - Focus
- Cannabis – A clear and present danger to alcohol
- Diageo appoints first programmatic marketing head
- Diageo strike threat postponed with fresh vote
- Pernod Ricard offloads Domecq brandies, wines
- Remy snaps up Seattle's Westland Distillery
- Sazerac poaches ex-Diageo government director