Beer enthusiasts are demanding millions of dollars in a new class action lawsuit against Anheuser-Busch that accuses the company of routinely watering down its Budweiser, Michelob and other beers. The company calls the suit “groundless.”
LOS ANGELES (Reuters) - Beer consumers have filed a proposed class-action lawsuit accusing Anheuser-Busch InBev <ABI.BR> of watering down so-called "King of Beers" Budweiser and other alcoholic beverages to boost profits, attorneys for the plaintiffs said on Tuesday. Full story
Anheuser-Busch InBev is buying the half of Grupo Modelo it does not already own, reports CNBC's David Faber.
A waiter serves a glass of beer ahead of an Anheuser-Busch InBev shareholders meeting in Brussels April 24, 2013. REUTERS /Yves Herman (BELGIUM - Tags: BUSINESS)
Anheuser-Busch InBev Chief Executive Carlos Brito and Chief Financial Officer Felipe Dutra address a shareholders meeting in Brussels April 24, 2013. REUTERS /Yves Herman (BELGIUM - Tags: BUSINESS)
View of Anheuser-Busch InBev logo outside the brewery headquarters in Leuven February 27, 2013. REUTERS/Francois Lenoir