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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ConAgra Brands Inc | NYSE:CAG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.39 | 1.36% | 28.99 | 29.045 | 28.495 | 28.60 | 3,834,016 | 22:46:16 |
From Jul 2019 to Jul 2024
By Josh Beckerman
Sherwin-Williams Co. (SHW), NL Industries Inc. (NL) and a Conagra Brands Inc. (CAG) unit have settled litigation with several California counties and cities related to the companies' advertising for lead paint .
The federal government banned the use of lead paint in homes in 1978. The companies had argued that they were being penalized for truthful advertising of a product that was legal and commonly used at the time.
Sherwin-Williams said Wednesday that while it "continues to believe that this litigation was unfair, unwarranted and unwise, the resolution announced today will enable all parties to move forward and is in the best interests of the Company and its shareholders."
In May 2018, NL Industries reached a settlement agreement, and recorded a related $62 million pretax charge in the 2018 second quarter. NL said the other defendants filed motions with the trial court objecting to the terms of the settlement.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
July 17, 2019 14:42 ET (18:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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