News

CHINA/US: SkyPeople Fruit Juice launches Absaroka court action

Most popular

The just-drinks Analyst returns

Carlsberg's priorities for the years ahead

Could a Pernod offload revolutionise wine?

Heineken Performance Trends 2014-2018 - data

The just-drinks Analyst returns

MORE

SkyPeople Fruit Juice has filed a defamation lawsuit against Absaroka Capital Management over allegations that it provided materially false information about the group's financial and operational status.

//i2.aroq.com/1/china.jpg

The US-listed, China-based juice producer has filed the lawsuit against Absaroka and its analyst, Kevin Barnes, it said today (8 July). An article published by Abasaroko last month made various allegations and accusations against SkyPeople, including claims that the firm "dramatically overstated" its operations, retail and sale channels, production, financial and industry performance.

The report prompted the Rosen Law Firm to file a class action lawsuit on behalf of the purchasers of SkyPeople securities during the period from 31 March 2010 to 4 April 2011.

In a statement today, SkyPeople said that a request to Absaroka that it retract its "inaccurate statements" was declined. As a result, the firm said it has now filed a civil action against Absaroka and Barnes for "libel and tortuous interference with existing and prospective economic advantages". It has filed the suit in the US District Court for the District of Wyoming, where Absaroka is based.


Sectors: Soft drinks, Water

Related Content

US judge sides with MillerCoors over Blue Moon

US judge sides with MillerCoors over Blue Moon "craft" claim...

Bacardi ups ante in US Havana Club row

Bacardi ups ante in US Havana Club row...

"The US has real brand calls. They are asking for an Avión Margarita" -  Pierre-Aymeric du Cray, VP ...

Round-Up - NPD: Are Fruit Juice Makers Throwing Away their Answer to the Sugar Content Conundrum?

Round-Up - NPD: Are Fruit Juice Makers Throwing Away their Answer to the Sugar Content Conundrum?...

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?