Campbell's Statement Regarding Court Decision in VFB L.L.C. Lawsuit.CAMDEN Camden, borough, Greater London, England Camden, inner borough (1991 pop. 170,500) of Greater London, SE England. Within the borough, residential Hampstead is popular with writers and artists. , N.J. -- Campbell Soup Company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. (NYSE NYSE See: New York Stock Exchange :CPB CPB see cardiopulmonary bypass. CPB Cardiopulmonary bypass. See Port-Access cardiopulmonary bypass. ) today issued the following statement on the decision by the United States District Court for the District of Delaware The United States District Court for the District of Delaware is the Federal district court having jurisdiction over the entire state of Delaware. The Court sits in Wilmington. Currently, three judges and two magistrate judges preside over the court. in VFB L.L.C. v. Campbell Soup Company, a lawsuit brought against Campbell and several of its subsidiaries in February 2002 by an entity representing the interests of the unsecured creditors of Vlasic Foods International: "The District Court has ruled in favor of Campbell, finding that Vlasic Foods, a company spun off by Campbell in March 1998, was solvent at the time of the spin off transaction, and that Campbell is not liable to the plaintiff for the claims of Vlasic's unsecured creditors or for any other claims or damages. We are gratified by this decision. We believed that when all the facts were known and the trial was concluded, our position would be confirmed." Campbell is represented in this matter by Wachtell, Lipton, Rosen & Katz and Blank Rome LLP. VFB L.L.C. has 30 days to file an appeal. About Campbell Soup Company Campbell Soup Company is a global manufacturer and marketer of high quality simple meals, including soup, baked snacks, vegetable-based beverages, and premium chocolate products. Founded in 1869, the company has a portfolio of more than 20 market-leading brands, including "Campbell's," "Pepperidge Farm," "Arnott's," "V8," and "Godiva." For more information on the company, visit Campbell's website at www.campbellsoupcompany.com. |
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