Pet Food Companies Agree To $24 Million Settlement Over Killer Pet Food

After a two-week delay to make sure the language of the settlement met U.S. and Canadian law, about 30 pet food makers have agreed to pay out $24 million to customers whose pets were killed or injured in the tainted food fiasco a year ago. Victims will be reimbursed for expenses, including vet and burial/cremation bills. Additionally, “pet owners can request reimbursement for the cost or fair-market value—whichever is higher—of a deceased pet or one purchased in replacement. Owners who don’t have documentation of expenses can get as much as $900 each. All claims are subject to review.”

If approved, this will pretty much wrap up the saga of the melamine-tainted pet food, and teach pet food companies a hard lesson about enforcing stricter standards on their Chinese suppliers. According to the Wall Street Journal,

Among the companies settling the suit are Menu Foods Income Fund; Procter & Gamble Co., which makes Iams pet food; Colgate-Palmolive Co., maker of Hill’s; Nestle SA, maker of Purina; and Mars Inc., maker of Pedigree. Retailers including Wal-Mart Stores Inc., Target Corp., Petco Animal Supplies Inc. and PetSmart Inc. were also part of the suit.

The settlement has to be approved by a judge, and the court date is set for Friday, May 30th.

“Legal settlement reached in tainted pet food case” [Reuters UK]
(Photo: faster panda kill kill)