CFTC Settles Enforcement Action Against Kraft And Mondelēz
The Commodity Futures Trading Commission today announced that a federal court entered a consent order resolving the CFTC’s action against defendants Kraft Foods Group, Inc. and Mondelēz Global LLC. The consent order includes an injunction and requires payment of a $16 million penalty. The order, entered today, by the Honorable Judge John Robert Blakey of the U.S. District Court for the Northern District of Illinois, stems from a complaint filed by the CFTC in 2015 (See CFTC Press Release No. 7150-15).
Division of Enforcement staff members primarily responsible for this case are Robert Howell, Joseph Patrick, Doug Snodgrass, Ashley Burden, and Scott Williamson, as well as former staff members Michael Frisch, Jennifer Smiley, Stephanie Reinhart, Neel Chopra, Susan Gradman and Rosemary Hollinger. Office of General Counsel staff responsible for this case are Raagnee Beri, Alex Case, Martin White, Anne Stukes and Robert Schwartz. Additional Enforcement staff who assisted are Jonah McCarthy, Jeffrey LeRiche and Charles Marvine. Division of Market Oversight staff members who also provided assistance are David Amato, Gene Kunda, Christa Lachenmayr and Jerry Lavin.