(Reuters) – Mexico’s Grupo Bimbo has filed a lawsuit against Maple Leaf Foods and former senior executives of the Canadian company, it said on Friday, seeking more than 2 billion Canadian dollars ($1.43 billion) in damages. The lawsuit is related to the 2014 sale of then Maple Leaf-controlled Canada Bread Company to Bimbo, the Mexican […]
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Mexico’s Bimbo files $1.4 billion lawsuit against Maple Leaf Foods
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(Reuters) – Mexico’s Grupo Bimbo has filed a lawsuit against Maple Leaf Foods and former senior executives of the Canadian company, it said on Friday, seeking more than 2 billion Canadian dollars ($1.43 billion) in damages.
The lawsuit is related to the 2014 sale of then Maple Leaf-controlled Canada Bread Company to Bimbo, the Mexican firm said in a statement, citing “fraudulent and negligent misrepresentation” during the sale process.
Maple Leaf did not immediately respond to a request for comment.
($1 = 1.3997 Canadian dollars)
(Reporting by Natalia Siniawski; Editing by Gabriel Araujo)