Judge OKs $16 million fine against Kraft, Mondelez to settle CFTC complaint, agency says

Judge oks $16 million fine against kraft, mondelez to settle cftc complaint, agency says - photo licensed by shore news network.

(Reuters) – A federal judge on Friday ordered food consumer companies Kraft Heinz and Mondelez International pay a $16 million fine as part of a settlement with the U.S. Commodity Futures Trading Commission, the agency said.

The CFTC said in 2015 it had filed a complaint against the companies alleging manipulation and attempted manipulation of the prices of cash wheat and wheat futures.

(Reporting by Tyler Clifford)

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