Judge OKs $16 million fine against Kraft, Mondelez to settle CFTC complaint, agency says -Breaking
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© Reuters. FILE PHOTO – A Heinz Ketchup container is placed between Kraft macaroni, Kraft cheese, and Kraft Original Barbecue sauce on New York’s grocery store shelves. This was March 25, 2015. REUTERS/Brendan McDermid
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© Reuters. FILE PHOTO – A Heinz Ketchup container is placed between Kraft macaroni, Kraft cheese, and Kraft Original Barbecue sauce on New York’s grocery store shelves. This was March 25, 2015. REUTERS/Brendan McDermid2/2
(Reuters) – A federal judge ordered Friday that Kraft Heinz (NASDAQ) and Mondelez International (NASDAQ) pay a $16million fine in settlement with U.S. Commodity Futures Trading Commission.
According to the CFTC, it lodged a 2015 complaint against the firms alleging manipulation and attempted manipulation in the price of wheat futures and cash wheat.
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