Kraft Heinz ERISA Plan Participants’ Claims Of Inflated Stock Prices Tossed

Mealey's (September 7, 2021, 8:39 AM EDT) -- CHICAGO — A putative class complaint filed by current and former Kraft Heinz Food Co. workers who accuse retirement plan fiduciaries and the executives tasked with monitoring them of failing to release information about the company that resulted in falsely inflated stock prices and impacted the plan that contained an employee stock option was dismissed for failure to state a claim by a federal judge in Illinois on Aug. 23; the workers were given until Sept. 13 to file a second amended complaint....