Judge says Walmart, Target, Bed Bath must face suits over cotton, Reuters says.
U.S. District Judge Vincent Briccetti in White Plains, New York determined that Walmart (WMT), Target (TGT), and Bed Bath & Beyond (BBBY) must face litigation alleging that they sold linens that were falsely labeled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin, Reuters' Jonathan Stempel reports. The decision addressed claims that consumers across the country overpaid for mislabeled cotton produced by Indian textile company Welspun India, Stempel says. Briccetti said that customers may pursue breach of warranty and negligent misrepresentation claims against all companies involved, as well as fraud claims against Welspun, the author notes. The judge, however, dismissed fraud allegations against the retailers, saying there was no "strong inference of fraudulent intent," Stempel notes. [Reference Link]:[https://www.reuters.com/article/cotton-lawsuits/walmart-target-bed-bath-must-face-lawsuits-over-fake-egyptian-cotton-ny-judge-idUSL2N22W1FO?feedType=RSS&feedName=companyNews]
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|Date:||May 20, 2019|
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