Fonterra To Pay $183 Million In Damages To Danone After Baby Formula Scare
AUCKLAND, NEW ZEALAND - DECEMBER 01: Fonterra's CEO, Theo Spierings and Fonterra's Chairman John Wilson speak to the media on December 1, 2017 in Auckland, New Zealand. Fonterra has been ordered to pay Danone 105 million euros ($183 million) in damages for food safety failures following arbitration in a Singapore court. The French food company sued Fonterra over the whey protein contamination and botulism scare in 2013, which resulted in the recall of 67,000 cans of Danone's Karicare infant formula brand. Fonterra shareholders' fund units and listed bonds were halted from trading earlier today ahead of the damages announcement. (Photo by Hannah Peters/Getty Images)
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