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General Mills (GIS) Stock Lower, Judge Rules Cheerios Protein Lawsuit Stands

NEW YORK (TheStreet) -- Shares of General Mills (GIS) were declining in afternoon trading on Thursday as a federal judge ruled that the company must face a lawsuit alleging it fooled customers into thinking Cheerios Protein was a high-protein alternative to regular Cheerios, when it actually contained 17 times more sugar per serving.

U.S. District Court Judge Thelton Henderson in San Francisco ruled that consumers can pursue a claim that the Minneapolis-based food manufacturer violated the federal Nutrition Labeling and Education Act after mismarketing Cheerios Protein, Reuters...