Aunt Jemima Family Sues Pepsi, Quaker for $2B

Relatives of "Aunt Jemima" claim they are owed royalties

   

Aunt Jemima Family Sues Pepsi, Quaker for $2B

Family members of the woman who allegedly provided the inspiration for Aunt Jemima are suing Quaker Oats, parent company Pepsi (PEP) and Pinnacle Foods (PF).

Aunt Jemima Aunt Jemima Family Sues Pepsi, Quaker for $2BD.W. Hunter and Larnell Evans — great-grandsons of Anna S. Harrington — are suing the companies for $2 billion. Quaker Oats makes Aunt Jemima mixes and syrup while Pinnacle Foods makes Aunt Jemima frozen pancakes, waffles and French toast.

The suit claims that Quaker Oats discovered Harrington in 1935 and used her recipes and appearance to create the Aunt Jemima brand. The company used Harrington in commercials for 15 years.

Hunter and Evans claim that Quaker Oats exploited Harrington and intended to not pay royalties toward her estate after her death in 1955. The suit also accuses the company of wrongfully taking Harrington’s recipes.

PEP stock is up about 0.5% Wednesday afternoon. PF stock is up 0.3%.

More Companies Being Sued:


Article printed from InvestorPlace Media, http://investorplace.com/2014/08/aunt-jemima-pepsi-pep-stock/.

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