Two class action suits for some NIS 1 billion have been launched against Remedia accused of causing the deaths of several babies who ate its soy-based baby food product. One suit was submitted to the Tel Aviv District court by Hananel Mantel whose family was not affected by the product while the other was filed by an undidentified plaintiff. In 1999 Pittsburgh-based H.J. Heinz Co. bought a 51 percent stake in Remedia. Terms were not announced but at the time the joint venture represented approximately $30 million of Remedia's annual revenue.
Posted by Editor at November 10, 2003 10:56 AM