Flowers Foods in Pact to Settle Class Action Suit, Set Up Fund

Flowers Foods said it will set up a $55m fund to cover settlement payments and fully resolve a class action litigation.

• Flowers Foods on Aug. 29 entered into a binding settlement term sheet to fully resolve the litigation captioned Ludlow et al. v. Flowers Foods, Inc., Flowers Bakeries, LLC and Flowers Finance, LLC, according to a regulatory filing
  • The settlement also resolves two companion cases: Jose Maciel et al. v. Flowers Foods, Inc. et al and Jose Maciel v. Flowers Foods, Inc. et al
• The term sheet provides for, among other things, the final dismissal of the litigation and a ...