Friday, April 22, 2016 1:40:20 PM
Some big names mentioned in this lawsuit about age verification co about to sue some Big US and UK cos
The Hague Court: Dutch alcohol and tobacco ID campaign in violation of anti-trust legislation
12:35 ET from Teleconnect Inc
BREDA, The Netherlands, April 22, 2016 /PRNewswire/ -- Teleconnect Inc (OTCBB: TLCO) today announces that the Court in The Hague has ruled that the Dutch Food Retail Association (CBL) and Jumbo Supermarkets have violated anti-trust legislation by ruling out the very effective age validation system 'Ageviewers' at the sale of tobacco and alcohol.
Instrumental for the infringement was the industry wide responsible alcohol retailing code and an ID-campaign in the Netherlands, similar to the 'We Card Program' in the US. The Court in The Hague, sitting in full bench, established that both the code and the campaign have the object of impeding the implementation and proliferation of the Ageviewers system and therefore are declared void and nonexistent. CBL and Jumbo are the first parties that have been found jointly and severally liable for all damages inflicted to Ageviewers since 2008.
The ruling does not only affect CBL and Jumbo. Among the many parties involved in the ID program are Dutch market leader Ahold, currently merging with Delhaize and operating in the US with brands as Stop & Shop, Giant and Peapod; the Dutch Brewers Association; the Wine Industry; Bacardi-Martini and Diageo.
Reaction Teleconnect Inc - Ageviewers
We are very happy with this judgment. Our business has been severely affected by this cartel since 2008 and our financial claim will be substantial. In our view, the boycott exposes an extensive morality and compliance problem regarding the sale of alcohol and tobacco to minors. We are investigating the consequences of the judgment in the US, as the boycott completely derailed our plans to implement the Ageviewers system in the American market, where our company is listed and where we have our roots.
We are requesting all parties involved in the production and sale of tobacco and alcohol, in responsible retailing and prevention institutes, to endorse and support our further efforts to implement Ageviewers in the Dutch and US market.
http://www.prnewswire.com/news-releases/the-hague-court-dutch-alcohol-and-tobacco-id-campaign-in-violation-of-anti-trust-legislation-300256112.html?tc=eml_cleartime
Recent BUD News
- Tilray Brands, Inc. Reports Q3 Fiscal 2024 Financial Results • GlobeNewswire Inc. • 04/09/2024 11:00:00 AM
- Adobe Stock Drops Following Below-Estimate Projections, Cardlytics Surges with Unexpected Profit, and More News • IH Market News • 03/15/2024 11:30:55 AM
- Fisker’s Shares Take a Hit Amid Speculation of Bankruptcy, Altria Divests from AB InBev to Fund Stock Repurchase Initiative • IH Market News • 03/14/2024 11:39:32 AM
- Form IRANNOTICE - Notice of disclosure filed pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (Exchange Act Section 13(r)). • Edgar (US Regulatory) • 03/11/2024 08:19:58 PM
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/11/2024 08:17:39 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/08/2024 10:04:53 PM
- Airship AI skyrockets with DOJ contract; Carrier Global sells Fire Industrial division for $1.43 billion, and Latest News • IH Market News • 03/06/2024 11:01:03 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 01:56:15 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 01:47:26 PM
- U.S. Futures Dip as PCE Data Looms; Modest Gains for WTI and Brent Crude in April Contracts • IH Market News • 02/29/2024 11:13:07 AM
- Snowflake Stock Plummets 20.3% After CEO Transition; C3.ai, Okta, and Duolingo Surge Post-Strong Quarterly Reports, and More • IH Market News • 02/29/2024 11:09:45 AM
- AB InBev publie les résultats de l’exercice et du quatrième trimestre 2023 • Business Wire • 02/29/2024 02:36:00 AM
- AB InBev Reports Full Year and Fourth Quarter 2023 Results • Business Wire • 02/29/2024 01:30:00 AM
- AB InBev Named Olympics Games Partner • Dow Jones News • 01/12/2024 02:36:00 PM
- International Olympic Committee and AB InBev Announce Worldwide Olympic Partnership • Business Wire • 01/12/2024 01:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/22/2023 11:11:56 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/19/2023 11:44:26 AM
- Illumina’s Grail Divestment, Arm’s China Layoffs, IBM’s Software AG Acquisition, and More • IH Market News • 12/18/2023 10:51:50 AM
- Michelob Ultra Partners With Lionel Messi to Announce Being Named the Official Global Beer Sponsor of CONMEBOL Copa América USA 2024™ • Business Wire • 12/08/2023 02:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/15/2023 09:55:55 PM
- Anheuser-Busch on Pace for Largest Percent Increase Since November 2022 -- Data Talk • Dow Jones News • 10/31/2023 03:14:00 PM
- Tuesday’s Wall Street Highlights: Pinterest, BP, Wolfspeed, Arista, Lattice, Pfizer and more • IH Market News • 10/31/2023 11:24:04 AM
- Trending: AB InBev Backs Guidance Despite Further Bud Light Woes in US • Dow Jones News • 10/31/2023 10:50:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/31/2023 10:06:58 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/31/2023 10:04:57 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM