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Pepsi Bottling Group (PBG)
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PBG » Topics » High Fructose Corn Syrup (HFCS) Settlement

These excerpts taken from the PBG 10-K filed Feb 27, 2008.
High Fructose Corn Syrup (“HFCS”) Settlement – On June 28, 2005, Bottling LLC and PepsiCo entered into a settlement agreement related to the allocation of certain proceeds from the settlement of the HFCS class action lawsuit. The lawsuit related to purchases of high fructose corn syrup by several companies, including bottling entities owned and operated by PepsiCo, during the period from July 1, 1991 to June 30, 1995 (the “Class Period”). Certain of the bottling entities owned by PepsiCo were transferred to

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PBG when PepsiCo formed PBG in 1999 (the “PepsiCo Bottling Entities”). Under the settlement agreement with PepsiCo, the Company ultimately received 45.8 percent (or approximately $23 million) of the total recovery related to HFCS purchases by PepsiCo Bottling Entities during the Class Period. Total proceeds are reflected in selling, delivery and administrative expenses in our Consolidated Statements of Operations.
 
(g) 
High
Fructose Corn Syrup (“HFCS”)
Settlement – On June 28, 2005,
Bottling LLC and PepsiCo entered into a settlement agreement
related to the allocation of certain proceeds from the
settlement of the HFCS class action lawsuit. The lawsuit related
to purchases of high fructose corn syrup by several companies,
including bottling entities owned and operated by PepsiCo,
during the period from July 1, 1991 to June 30, 1995
(the “Class Period”). Certain of the bottling
entities owned by PepsiCo were transferred to




56





Table of Contents












PBG when PepsiCo formed PBG in 1999 (the “PepsiCo Bottling
Entities”). Under the settlement agreement with PepsiCo,
the Company ultimately received 45.8 percent (or
approximately $23 million) of the total recovery related to
HFCS purchases by PepsiCo Bottling Entities during the
Class Period. Total proceeds are reflected in selling,
delivery and administrative expenses in our Consolidated
Statements of Operations.


 



(g) 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2008

RELATED TOPICS for PBG:

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