The Delaware Court of Chancery on Monday ruled that Interbake Foods could not rely on its “material adverse change” argument to escape a contract to market cookies for Mrs. Fields Brands Inc. at grocery and convenience stores.
The five-year licensing agreement obligated Interbake, which makes Girl Scout cookies and other food for retailers like Wal-Mart Stores Inc., to sell Mrs. Fields’ chocolate chip cookies through the end of the year.
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