Judge OKs $16 million fine against Kraft, Mondelez to settle CFTC complaint, agency says By Reuters

2/2

© Reuters. FILE PHOTO: A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York March 25, 2015. REUTERS/Brendan McDermid

2/2

(Reuters) – A federal judge on Friday ordered food consumer companies Kraft Heinz (NASDAQ:) and Mondelez (NASDAQ:) International pay a $16 million fine as part of a settlement with the U.S. Commodity Futures Trading Commission, the agency said.

The CFTC said in 2015 it had filed a complaint against the companies alleging manipulation and attempted manipulation of the prices of cash wheat and wheat futures.

Be the first to comment

Leave a Reply

Your email address will not be published.


*