litigation
confidence high
sentiment positive
materiality 0.70
Court denies class certification in KDP antitrust litigation; plaintiffs seek appeal
Keurig Dr Pepper Inc.
- SDNY denied direct purchaser plaintiffs' motion for class certification in multi-district antitrust litigation.
- Plaintiffs had claimed more than $3 billion in classwide monetary damages.
- Plaintiffs filed a petition with the Second Circuit seeking to appeal the denial.
- Keurig Dr Pepper intends to continue vigorously defending the appeal and remaining lawsuits.