by Christopher Freeburn | April 3, 2013 12:34 pm
Anheuser-Busch InBev (NYSE:BUD) has dismissed claims in a lawsuit from a former employee who says the beer giant is trying penalize him for revealing that it waters down its popular beer brands.
In March, the company filed suit against James Clark, claiming that he breached confidentiality agreements and improperly disclosed trade secrets after departing Anheuser-Busch. Clark has fired back a lawsuit of his own, alleging that the beer-maker’s litigation is revenge for his cooperation in other class action suits against the company over the alcohol content of its beer, the Saint Louis Post-Dispatch notes.
He also alleges that Anheuser-Busch said it would settle its lawsuit against him in return for revealing the identifies of employees who had cooperated with plaintiff attorneys in the other class action lawsuits.
Anheuser-Busch called the claims “completely false” and insisted that Clark had divulged trade secrets for personal gain. The company said it planned to pursue legal action against hum.
Clark worked for Anheuser-Busch for 14 year at five breweries. He says that during that time he warned senior management about alcohol content in the beer brands on numerous occasions. A number of class action lawsuits have now been filed alleging that Anheuser-Busch deliberately lowered the alcohol content in Budweiser, Bud Light Platinum, Michelob, Natural Ice and other beer brands.
Shares of Anheuser-Busch in dipped slightly Wednesday midday trading.
Source URL: http://investorplace.com/2013/04/budweiser-tries-to-keep-lid-on-watered-down-beer/
Short URL: http://invstplc.com/1fy9kCB
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.