PepsiCo (PEP) has prevailed against litigation in New York accusing the company of polluting the environment with single-use plastic containers, with Justice Emilio Colaiacovo of the state Supreme Court in Buffalo dismissing the suit, Reuters’ Jonathan Stempel reports. Colaiacovo criticized New York Attorney General Letitia James for bringing the case, saying she failed to demonstrate how the beverage and snack giant created a public nuisance and should have warned consumers about the health and environmental risks of plastics in over 100 of its products, the author notes. The AG sued PepsiCo last November with the aim of holding the company liable for endangering Buffalo’s water supply by generating 17% of the plastic waste found in and near the Buffalo River, the author says.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEP:
- PepsiCo, Coca-Cola sued by L.A. County over plastic bottles, Reuters says
- Celsius Holdings names Israel Kontorovsky to board
- PepsiCo (NASDAQ:PEP) Shutters Its Last Chicago Plant
- Keurig Dr Pepper to acquire energy drink maker Ghost for over $1B, WSJ reports
- Celsius Holdings price target lowered to $68 from $72 at Ladenburg