A plaintiff’s expert in a lawsuit against Coca-Cola alleges that shareholders suffered damages of $1.3 billion following improperly inflated revenues.
Coca-Cola Co. shareholders sustained damages exceeding $1.3 billion after the international soft drink conglomerate improperly inflated revenues to boost stock prices artificially, a financial expert retained by suing shareholders has concluded. The report — called “seriously flawed” by a Coke spokesman — surfaced earlier this month in a seven-year-old securities fraud suit against Coca-Cola by […]