News

USA: The Coca-Cola Company announces settlement terms of discrimination lawsuit

Most popular

Should Campari Group be renamed Aperol Group?

Why water has become more important than wine

just-drinks speaks to A-B InBev CEO Carlos Brito

just-drinks' M&A database - Oct 18

MORE

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.


Related Content

The biggest interviews of the year - just-drinks review of 2015

The biggest interviews of the year - just-drinks review of 2015...

The wine category in 2017 - just-drinks' Review of the Year, Part III - FREE TO ACCESS

The wine category in 2017 - just-drinks' Review of the Year, Part III - FREE TO ACCESS...

The PIGS Markets - Part II: Ireland

The PIGS Markets - Part II: Ireland...

The PIGS Markets - Part I: Iberia (Spain & Portugal)

The PIGS Markets - Part I: Iberia (Spain & Portugal)...

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?