WCAX.COM Local Vermont News, Weather and Sports-Judge dismisses Green Mountain Coffee lawsuit

Judge dismisses Green Mountain Coffee lawsuit

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By WCAX News - bio | email
WATERBURY, Vt. -

A federal judge has dismissed a class action lawsuit filed against Green Mountain Coffee Roasters.

In 2010, the SEC launched an inquiry into the Waterbury company's accounting practices.

A group of investors filed suit against Green Mountain Coffee, claiming the company falsified statements to make it look like it was performing better than it was.

U.S. District Judge William Sessions has dismissed the suit, saying the plaintiffs failed to present any facts indicating a strong inference of fraud.

A separate and similar lawsuit against Green Mountain Coffee filed by The Louisiana Municipal Police Employees' Retirement System is still pending.

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