business news in context, analysis with attitude

Forbes reports that more than 20 CPG companies have launched a suit against International Outsourcing Services (IOS), the nation's largest coupon handler, charging that they lost at least $150 million in a coupon fraud scheme in which the company submitted fake coupons for manufacturers for reimbursement. Several of IOS’s former executives also were named in the suit.

Among the plaintiffs: General Mills, Hormel Foods, Kellogg Co., Kimberly-Clark, Kraft Foods, Johnson & Johnson, Nestle, and PepsiCo.
KC's View: