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Showing posts from May, 2008

Melamine incident cost $24 million in law suit

I wrote back in February on a sister blog about the melamine incident that caused the deaths of so many pets. Menu Foods who supplied the affected animal food has just settled a law suit for $24 million. The article reports that Menu Foods recalled 60 million cans of pet food, and expects their total expenses related to the recall to hit $55 million. Menu Foods has lost 89 per cent of its stock value since March 15th of last year, the day prior to the recall.

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