A judge has dismissed a shareholder lawsuit filed in 2011 against stevia firm GLG Life Tech Corporation for alleged failures to disclose the decline of its relationship with Cargill, then its largest customer.
Stevia supplier GLG Life Tech has denied that it failed to disclose certain information required under federal securities laws, after a New York-based national law firm announced it was investigating the company’s statements to shareholders.
China’s reputation as an ingredient supplier has suffered from a spate of food safety problems – but the food industry should not paint all China-based companies with the same broad brush, says stevia supplier GLG Life Tech.
Stevia supplier GLG Life Tech has become the latest company to receive a letter of no objection from the Food and Drug Administration (FDA) saying that its stevia sweetener is generally recognized as safe (GRAS).
Representatives of stevia suppliers PureCircle, GLG Life Tech and Blue California spoke with FoodNavigator-USA.com at IFT about areas in which members of the stevia industry can work together - even as competing companies.
Stevia supplier GLG Life Tech has signed a five-year deal with Sugar Australia for distribution and marketing of its stevia-derived sweeteners for the Australian and New Zealand food and beverage markets.
Stevia supplier GLG Life Tech has announced an agreement with a Mexican sugar producer for the distribution of the plant-derived sweetener in that country, following on from recent similar deals for the company in Australasia and South America.
Stevia supplier GLG Life Tech has filed a statement of defense against allegations from Weider Global Nutrition that it had breached conditions of their joint stevia business by setting up its own sales team.