News

US: Primo Water to defend itself in court action

Most popular

Mangrove MD warns of coronavirus impact on spirits

Advice for brewers in the time of COVID-19

Provenance and quality not enough for spirits - II

Could coronavirus make for more caring companies?

Coronavirus special - US Distilled Spirits Council

MORE

Primo Water Corp has said it will "vigorously" defend itself against a lawsuit filed in the US by a number of investors.

//i4.aroq.com/1/primo_water.png

Earlier this week, an investor filed a lawsuit against Primo Water for issuing what it claims are "misleading statements" regarding the company's business and prospects. Robbins Geller Rudman & Dowd filed the lawsuit on behalf of its client, charging the company and a number of its directors with violations to the Securities Act of 1933 and the Securities Exchange Act of 1934.

Since then, a number of other investors have also filed lawsuits against the firm.

However, in a statement today (7 December), Primo Water said that it intends to "vigorously defend recent allegations against the company" and that it believes the claims are "without merit".

Primo recently secured a credit facility, providing the water firm with access to up to US$25m.


Sectors: Soft drinks, Water

Related Content

National Beverage Corp rolls out LaCroix in UK amid US lawsuits

National Beverage Corp rolls out LaCroix in UK amid US lawsuits...

Anheuser-Busch InBev defends itself against Patagonia beer lawsuit

Anheuser-Busch InBev defends itself against Patagonia beer lawsuit...

Stillhouse Spirits Co goes up against Bacardi in legal row

Stillhouse Spirits Co goes up against Bacardi in legal row...

Alkaline water heading for the mainstream in 2019 - NPD trends

Alkaline water heading for the mainstream in 2019 - NPD trends...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?