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Starbucks Corporation Message Board

  • cat_tracker_2000 cat_tracker_2000 Sep 3, 2013 3:37 PM Flag

    Let's Put This Issue To REST........

    The Kraft Law Suit..........
    Moody's said the money from the proposed debt sale and Starbucks' steady profit growth could help offset risks from a legal dispute with Kraft.

    Starbucks in 2010 ended a distribution partnership with Kraft. Kraft had not wanted the partnership to end. The companies went into arbitration and the hearing was completed last year, but the final outcome has not been determined yet. Moody's said that Starbucks claims damages of up to $62.9 million, while Kraft claims damages of up to $2.9 billion plus attorney fees.

    Shares of Seattle-based Starbucks increased $1.03, or 1.5 percent, to $71.55 in afternoon trading.

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