Kraft Foods Group, Inc. ("Kraft") is an American multinational confectionery, food and beverage conglomerate.

According to the law firm press release, the Complaint alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the Defendants filed a materially false and misleading Proxy Statement with the U.S. Securities and Exchange Commission in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to Kraft’s shareholders’ ability to make an informed decision whether to approve the Proposed Transaction.

On October 29, 2015, the parties filed a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on November 10. On March 10, 2016, the Court granted final approval of the Settlement and dismissed this case.