News - State
Relatives of Barq's Founder Sue Coca-Cola
Posted: Oct 17, 2010 10:34 PM by Chris Welty
Updated: Oct 17, 2010 10:35 PM
NEW ORLEANS (AP) - The great-grandchildren of the founder of
Barq's root beer are suing the Coca-Company, claiming Coca-Cola
doesn't legally own their share of Barq's.
The suit outlines the long and complicated history of the Barq's
family in Louisiana and Mississippi, dating back more than a
century.
The suit was filed in U.S District Court in Louisiana last
month, seeking an unspecified amount.
Coca-Cola spokesman Kel Villarrubia told The Times-Picayune that
the claims are bogus.
The lawsuit claims Coca-Cola didn't have the legal right to
purchase a certain one-third share of the Barq's company when its
acquisition was made in 1995, despite signed contracts to the
contrary.
Coca-Cola purchased Barq's for $91 million.
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