A WSJ News Round Up
A group of about 30 companies sued over contaminated pet food linked to the deaths ofperhaps thousands of dogs and cats have agreed to pay $24 million to pet owners in the U.S. and Canada.
The deal would affect people who incurred expenses directly related to the illness or death of a pet linked to the food, which was at the center of the biggest-ever U.S. petfood recall in 2007. The pet food was discovered to contain wheat gluten imported from China that was contaminated with melamine, a chemical used to make plastics.
Among the companies settling the suit are Menu Foods Income Fund, Procter & Gamble Co., ColgatePalmolive Co., Nestle SA and Mars Inc. Retailers including Wal-Mart Stores Inc., Target Corp. and PetSmart Inc. were also part of the suit.
The settlement is detailed in papers filed last week in U.S. District Court in Camden, New Jersey. It needs a judge's approval. A hearing on the settlement is scheduled Friday.
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