The new complaint extensively details the plaintiff's pre-suit demand process beginning in October 2021, stating Kraft Heinz, rather than forming an independent committee of directors to investigate, created a working group consisting of two allegedly conflicted directors.
March 07, 2023 at 04:00 PM
3 minute read
A Kraft Heinz Co. shareholder has filed a breach of fiduciary duty suit in the Court of Chancery, alleging management kept investors in the dark on cost-saving tactics and government investigations.
The derivative complaint was brought against Kraft Heinz’s current and former directors, officers and controlling shareholders by DeLeeuw Law with Greenfield & Goodman and Isquith Law of counsel.
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Delaware Court of Chancery, left, on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons
