DOVER, Del. AP – A Delaware judge has dismissed a shareholder lawsuit alleging that Coca-Cola Co. used its control over its largest bottler, Coca-Cola Enterprises, to maximize its profits at the expense of the bottler’s shareholders.
In an opinion handed down last week, Chancellor William Chandler III ruled that actions challenged by the International Brotherhood of Teamsters are expressly allowed under a 1986 master agreement between Coke and CCE, and are thus barred by a three-year statute of limitations.
