G. Willi-Food International Ltd (Nasdaq:WILC), a food importer and a single-source supplier of a range of kosher food products based in Israel, on Thursday (3 July) announced that the company had signed a settlement agreement in connection with three class action lawsuits.
The class action lawsuits were filed against the company by three plaintiffs regarding the matter of reduced contents of the company’s tuna containers.
The company has agreed to pay the plaintiff’s and their attorneys approximately ILS50,000 for their legal costs.
Under the terms of the settlement agreement, the company has denied all wrong doing and will carry out a special discount sale of 480,000 cans of tuna that will all contain roughly an additional one-third of an ounce of tuna, or approximately 7% more tuna, than usually marketed.
The company said that these larger cans of tuna will have the same price as the usual cans of tuna, but will be labeled as discounted. The company will be entitled to advertise the sale at its own discretion.