NYSE:CLHousehold Products
Tom's Of Maine Settlement Tests Colgate-Palmolive Brand Trust Story
Colgate-Palmolive (NYSE:CL) and its subsidiary Tom's of Maine have agreed to a class action settlement related to alleged deceptive marketing of certain Tom's toothpaste products.
The settlement establishes a US$2.9 million fund to compensate eligible consumers who purchased the products at issue.
The agreement resolves multiple ongoing legal actions without Colgate-Palmolive or Tom's of Maine admitting wrongdoing.
For you as an investor, this legal development sits within a broader...