Starbucks In Juicy Controversy - To Face Lawsuit Slamming 'Fruit' Drinks Without The Fruit: Report
Portfolio Pulse from Nabaparna Bhattacharya
Starbucks Corporation (NASDAQ:SBUX) is facing a lawsuit accusing the company of misleading consumers by not including actual fruit in their Refresher fruit drinks. The lawsuit, which was not dismissed by U.S. District Judge John Cronan, alleges that Starbucks breached consumer protection acts by overcharging for drinks that did not contain the fruit as advertised. The lawsuit is seeking $5 million in damages.
September 19, 2023 | 11:38 am
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Starbucks is facing a lawsuit over its fruit drinks, which could potentially result in $5 million in damages. This legal issue could negatively impact the company's reputation and financials in the short term.
The lawsuit accuses Starbucks of misleading consumers, which could harm the company's reputation and customer trust. If the lawsuit is successful, the company could also face significant financial damages. This negative news could potentially lead to a short-term decrease in the company's stock price.
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