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United States District Court of New York Dismisses Lawsuit Brought by Colombia Against Pernod Ricard SA

Friday, 9 Nov 2012 01:30am EST 

Pernod Ricard SA announced that the lawsuit brought against the Company, Diageo and Seagram in New York by a number of Regional Departments of Colombia has been dismissed without prejudice. These Departments hold a constitutional monopoly for the production and distribution of spirits in Colombia. The case was originally filed in October 2004 and alleged that the defendants committed acts of unfair competition by selling their products through illegal distribution channels and received payments from organizations involved in money laundering. These allegations have always been vigorously denied by the defendants and Pernod Ricard therefore welcomes the dismissal. Pernod Ricard will continue to work with the Colombian Regional Departments in a cooperative effort to fight against smuggling and counterfeit products and to promote competitive markets that benefit consumers and producers alike. 

Company Quote

-0.07 -0.08%
11 Jul 2014