In order to prove negligence, you would need to show that the defendants were not reasonably careful (that is, that they "failed to exercise reasonable care") in making or distributing the contaminated food product that made you sick. Food poisoning is a common, potentially life-threatening problem for millions of people in the United States. Food poisoning occurs as a result of consuming contaminated food or beverages. Foodborne illness results in injury typically caused by contaminated food or food that is not prepared correctly. Known as one of the . Chobani, which initially moved to quietly pull 35 flavors of affected yogurt cups from store shelves early last week, telling customers they had made a "voluntary" decision to rectify . The ballooning demand for the dairy option has created a $2 billion industry, and raised some controversy about the waste products potential effects on the environment. If you or a loved one have experienced severe, life-limiting side effects from adefectivefood,product or drug,and believe that your pain stems from a product, drug, or food recall that came too late, you may be entitled to compensation. Registered in England and Wales. Not only is this yogurt a great source of probiotics, but it is also gluten-free, kosher-certified, and contains no genetically modified organisms (GMO). Yogurt sales made up 86% of Chobanis revenue in the nine months ended September 25, 2021. As of midnight the Washington Department of Health had not responded to requests for information about the outbreak investigation. Chobani, the maker of a popular brand of Greek-style yogurt, announced that the company has voluntarily recalled some of its yogurt from store shelves in response to customer complaints about swoll Our lawyers and attorneys also focus on handling lawsuits in the following cities: New York, Los Angeles, Chicago, Houston, Phoenix, Philadelphia, San Antonio, San Diego, Dallas, San Jose City, Detroit, Jacksonville, Indianapolis, San Francisco, Columbus, Austin, Memphis, Fort Worth, Baltimore, Charlotte, Boston, Seattle, Washington, Milwaukee, Denver, Louisville, Las Vegas, Nashville, Oklahoma City, Portland, Tucson, Albuquerque, Atlanta, Long Beach, Fresno, Sacramento, Mesa, Kansas City, Cleveland, Virginia Beach, Omaha, Miami, Oakland, Tulsa, Honolulu, Minneapolis, Colorado Springs, Arlington and Wichita. Reportedly, customers complained to Chobani over social media, and sometimes included pictures of yogurts that tasted strange or had bloated containers. It is making people, kids and babies SICK!!! Chobani, the maker of a popular brand of Greek-style yogurt, announced that the company has voluntarily recalled some of its yogurt from store shelves in response to customer complaints about swollen or bloated packages. Most types of E. coli are harmless and even help keep your digestive tract healthy; however, other strains can cause potentially life-threatening health effects if you eat products that have become contaminated (such as raw meat) from grocery stores or drink fouled water. It has been estimated that more than 48 million people develop salmonella infections each year worldwide. Hepatitis A is rare in the U.S., with 30,000 to 50,000 cases occurring each year. If you or a loved one were the victims of food poisoning, you may be entitled to compensation by filing a food poisoning lawsuit. It shook us up.. Maple Leaf Foods paid almost $27 million to victims of a listeria outbreak. Delivery & Pickup Options - 8 reviews of El Behanabachi Japanese Grill "I ordered the steak and shrimp plate and asked for the veggies to be replaced with more fried rice. Everybody in the company took this hard, Ulukaya said. IMPORTANT - YOUR REPORT IS QUEUED - IT MAY TAKE UP TO 12 HOURS FOR YOUR REPORT TO SHOW ON OUR HOME PAGE (IF NOT OPTED AS PRIVATE), Visit our learn pages for more helpful information or, email us: support@iwaspoisoned.com, Chobani Greek yogurt flips I eat 3 to 4 Chopin Containated Greek yogurts a day. Mocur circinelloides is not known to causeillness, but the mold can act as a pathogen for those with low compromised immune systems. He said the problem was caused by a type of mold that is common in dairy environments, which became an issue because Chobani doesn't use preservatives. Chobani possesses no such advantage because of the ultra-competitive nature of the consumer foods industry. According to Chobani, the number of suspect products is fairly limited. However, food poisoning is most commonly caused by organisms such as Norovirus or Salmonella. John J. Davis says: July 20, 2021 at 7:06 am. Our 2021 Sustainable Innovation Awards Are Here. Retailers generate huge volumes of data on consumer preferences, giving them free access on which products for which they should introduce private label and/or store brand versions. Blendtopia Smoothie Listeria Contamination, Breaking News: Whole Foods s Ginger Bread Houses In 23 States. Even the company admits that if it raises prices to offset rising costs, consumers will simply purchase the next cheapest substitute. Depending on the type and severity of infection, some people may decide to treat their food poisoning at home. The product in question is less than 5% of our production and is limited to products produced at our Idaho facility, which accounts for only one third of our production capacity.. It is only the yogurt that was produced at their Idaho facility with expiration dates between Sept. 11 and Oct. 7, and containers are labeled with the code 16-012. Maybe bookmark it at this rate. Chobani is recalling some of its Greek-style yogurt cups after some customers were sickened by mold, the Associated Press reports. Campylobacter infection, or campylobacteriosis, is caused by campylobacter bacteria. Forced to wear pampers, diaherra, stomach pain. We offer free, confidential consultations to discuss the facts of your case, socontact ustoday. For example, the expected profits require Chobani to take ~51% of the projected U.S. yogurt market in 2026, up from 20% currently. Realistically, Chobani will never achieve a monopoly on any segment of the market, if for no other reason than competition and anti-trust laws. The affected products in thefood recallinclude a number of different size containers: Chobani 6-ounce cups Customer service was good, atmosphere pretty chill, lots of other food trucks next to it, only complaint is that the rice was a bit too mushy and was only given like 6 pieces of shrimp. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Learn how your comment data is processed. WeIreview an additional DCF scenario to highlight the downside risk should Chobanis entire business grow as fast as the projected growth of the plant-based milk market, which is anticipated to be the fastest growing (through 2026) market Chobani operates in. Chobani recalls Greek yogurt that tastes like wine . LAWeekly Instagram: Featuring the culture of LA since 1978 , Relationship with the Victim* Throwing up 3 4 times. Vibrio infection is known to cause over 50,000+ cases of food poisoning per year in the United States alone. The yogurt subject to recall is PCC organic grass-fed yogurt in 8- and 16-ounce containers. Chobanis founder and CEO, Hamdi Ulukaya will indirectly own 100% of the Class B shares, with ten votes per share. California Class Action Lawsuit Filed Against Greek Yogurt Manufacturer for Food Recall On Monday, September 9th, Chobani Yogurt was hit with a class action lawsuit filed in a Los Angeles, California federal court. Leading Share Doesnt Equal Leading Profitability. However, its net loss more than tripled during that time, reaching $58.7 million, as it invested back into its business. The following tips can be used to prevent illnesses and ensure food safety: Have you or a loved one suffered food poisoning from consuming contaminated food or beverages? At least 250 different types of food poisoning have been documented, but the most common varieties are e. coli, listeria, salmonella, and norovirus, commonly referred to as the "stomach flu.". The outbreak killed 20 people and sickened thousands more. Companies across the globe are dealing with the impacts of higher raw material, labor, and logistics costs. How Long Does Food Poisoning Last & What To Do About It? Food can be considered "defective" in a legal sense for the following reasons: Strict liability law relieves clients of any burden to show that the manufacturer or supplier of a contaminated product was not sufficiently careful in making or distributing that product. Non-GAAP EBITDA Looks Better than Reality:Adjusted EBITDAgives management significant leeway in how it presents results and Chobanis management makes full use of it. To get notified when your concern is resolved please provide your email and/or phone. Chobani 32-ounce tubs Your contact information is not shown on the website. Learn More. A wide variety of contaminants have the potential to poison humans, including: The U.S. Centers for Disease Control and Prevention (CDC) [1] estimates that approximately one in six Americans develop a food poisoning illness every year. I review an additional DCF scenario to highlight the downside risk should Chobanis margins match Danone and revenue grow more in line with its other product markets. Food poisoning lawsuits typically fall under the category of legal product liability claims, the idea being that you have been sold a defective product that caused you severe pain and suffering or other health effects. Critical Details Found in Financial Filings by My FirmsRobo-Analyst Technology. Most people become infected by eating raw or undercooked shellfish, particularly oysters. Public Shareholders Have No Say:A downside of investing in Chobanis IPO, and certain other recent IPOs, is the fact that the shares provide little to no say over corporate governance. For instance, both Kroger and Walmart already sell their own brand of Greek yogurt, and Kroger sells oat milk through its Simple Truth brand. He said health department officials have collected samples of yogurt from one of the patients homes for testing. THANK YOU , Enter below to get emailed or SMS a copy of your report. My estimate for Chobanis Core Earnings for nine months ended September 25, 2021 is -$19 million. Profits Are Likely to Remain Minimal or Negative. Not sure what was causing my illness. It is the most common bacterial cause of foodborne illness in the United States. Salmonella is the type of bacteria that's the most frequently reported cause of illness from foods in the U.S. You can't see, smell, or taste it. The affected products include a number of different size containers: If you click on the company website, you get a giant photo of Mr. Ulukaya looking very sad and contrite, accompanied by a letter that begins: I'm sorry we let you down. He instructs customers to discard any suspect yogurt and contact our Customer Loyalty Team at chobani.com/care for replacements or refunds. Copyright 2023. A dozen office workers in Connecticut became violently ill after eating a catered lunch from a well-known local restaurant. Recall Alert: Chobani Yogurt. Theres nothing inherently wrong with a slow-growth, mature, company, except when that companys IPO valuation implies double-digit growth rates. All Rights Reserved. Each of the above scenarios also assume Chobani grows revenue, NOPAT, and FCF without increasing working capital or fixed assets. The first time we received one, I kept double-checking to make sure it didn't say 500. Centrally located in Columbia, South Carolina, the attorneys at the Strom Law Firm, L.L.C. It produces spores that survive in improperly preserved or canned products, where they become contaminated and produce a toxin called Botulism. From its S-1 (emphasis added), Incremental international expansion is a large opportunity and can be a meaningful growth driver across our entire product portfolio over the longer term. While hepatitis B and C can turn into chronic hepatitis, hepatitis A typically does not; although it can lead to liver failure and death. But in some cases it can last longer and may requirehospitalization and medical treatment. In this scenario, Chobanis sales in 2026 would still represent 34% of the projected U.S. yogurt sales in 2026. But, you know, you could have let people know in case they had it in their fridges, Chobani. The FDA released a statement about the issue with the yogurt and Chobani almost instantly announced a voluntaryrecall on the product. We have sent a confirmation link to your email, Check your spam folder if you don't receive it, Get notified when your comment is approved. You can see all the adjustments made to Chobanis income statementhere. If, for example, the restaurant knew that a particular type of tainted lettuce had been recalled but served it anyway, clients may be entitled to compensation for negligence. "Within a couple of weeks after Chobani got into ShopRite, we started getting orders for 5,000 cases. Ians Wheat Free Products : Listeria Contamination, Marquis Worldwide Specialty Inc. Enoki Mushrooms, Morningland Dairy Cheese Food Poisoning Lawyer & Salmonella, Mamey Paleta Food Poisoning Lawyer & Salmonella, Nordic Creamery Grumpy Goat Shreds (Shredded Cheese), Nationwide IMPF Krab Dip : Possible Listeria Contamination, Nationwide Cheese Food Poisoning Lawyer &, Nationwide Artisan Confections Chocolate &, Nationwide Gouda Cheese Food Poisoning Lawyer &, Nationwide Gorgonzola Cheese Food Poisoning &, Nationwide Beaver Street Fisheries Tuna &, Nationwide Coriander Food Poisoning Lawyer &, Nationwide Chicken Pasta Food Poisoning &, Nationwide Cal-Maine Egg Food Poisoning Lawyer &, Nationwide Meat & Poultry Food Poisoning Lawyer &, Nationwide Nova Lox Salad Food Poisoning &, Nationwide Good Earth Tea Salmonella Food Poisoning, Nationwide Barbecue Pork Salmonella Poisoning Lawyer &, Nationwide Wal-Mart Kroger Frozen Vegetable &, Nationwide Mamey Ice Cream Food Poisoning &, Pasha Mediterranean Grill Salmonella Lawyer, Quick Caf and Take Away Caf Egg Salad Sandwich Listeria Food Poisoning, Queseria Chipilo Cheese Food Poisoning Lawyer & Listeria, Rolfs Patisserie Dessert : Possible Staph Contamination, Real Taste Egg Noodle Food Poisoning Lawyer & Salmonella, Schreiber Processing Corporation Chicken Liver, State Garden Issues Salad Over Listeria Worries, Specialty Farms Organic Alfalfa Sprout & Sprout Salad, Types of Food Poisoning That Affect Children, Town and Country Foods Hamburg Patty / Beef Sirloin Filet, Tropical Nut & Fruit Walnut Food Poisoning Lawyer, United Natural Foods Gordita Black Bean Tortilla, USDA Criticized For Recent Salmonella Outbreak, 3 Theories of Liability in Food Poisoning Cases, Walnuts and Trail Mix ed Over Salmonella Risk, Whole Foods Market Peanut Butter Power Chews & Treasure Trove Mix. When Chobani CEO Hamdi Ulukaya was asked in 2013 about the outbreak, he said the voluntary recall "totally fixed" the issue and said the mold became a problem because the company doesn't use preservatives in its products, according to USA Today. To drive additional growth in its business, Chobani is leveraging its existing brand across similar product categories, each with higher growth rates than the mature yogurt market. NEW YORK (AP) - Chobani says it's recalling some of its Greek yogurt cups that were affected by mold, a move prompted by reports of illnesses by some customers. Yogurt sales made up 86% of Chobani's revenue in the nine months ended September 25, 2021. Ulukayas holding control of the company should come at a price with the Class A shares priced at adiscountto their intrinsic value. They said that the yogurts were not up to their quality standards and were going bad early., On Tuesday, Chobani told Food Navigator, an industry publication, that it had investigated the cause of the (swelling/bloating) and have identified a type of mold commonly found in the dairy environment.. Of its closest peers, Nestle (NSRGY), General Mills, Danone, and Oatly (OTLY), Chobanis net operating profit after-tax (NOPAT) margin only ranks higher than Oatly and is half the market-cap weighted average of the 51 Food Processing firms under coverage. Either route is more difficult than simply converting the customers of rivals already in the Greek yogurt segment. Consumers who have purchased the affected yogurt are advised to contact Chobanis Customer Loyalty Team directly at chobani.com/care or e-mail care@chobani.com to coordinate replacements. Norovirus is an extremely contagious virus that causes symptoms including vomiting and diarrhea. The firm does have better balance sheet efficiency, as illustrated by its leadinginvested capital turns, but it is not enough to offset lower margins when it comes to return on invested capital (ROIC). The recall involves the following yogurts bearing the product the code 16-012 with expiration dates from Sept. 11, 2013 to Oct. 7, 2013 (four-digit time stamp): A statement from the company said, the quality of Chobani products and the trust of its consumers are the company's primary concern, and it sincerely apologizes to its consumers impacted by this issue. All Rights Reserved. Justifying such a valuation requires quadrupling revenues by 2026, which would equate to ~51% of the total expected U.S. yogurt market. Below are specifics on the adjustments I make based on Robo-Analyst findings in Chobanis S-1: Income Statement: I made $137 million of adjustments, with a net effect of removing $137 million innon-operating expenses(10% of revenue). Clients may be able to argue that the defendants acted negligently in manufacturing or supplying the contaminated food product that caused the infection. If you or another person you know has experienced symptoms of food poisoning, please contact our law firm immediately with your name/phone for a free consultation. Goodbye! When I use myreverse discounted cash flow modeltoquantify the market's expectationsfor future profit growth required to justify this IPOs valuation, I think the market is vastly overestimating Chobanis business potential. Chobani last week had asked some retailers to take the bad yogurt off shelves, but hadn't issued a formal recall. A Northern California man who contracted a severe infection after being served contaminated raw oyster meat received a $1 million out-of-court settlement from 5 companies involved in the transport and sale of the Louisiana shellfish. For instance, Chobanis Adjusted EBITDA in 2020 removes $16.3 million (1% of revenue) in costs related to launching new products and $4.4 million in stock compensation costs. The Oscars will air on ABC and can be streamed on ABC.com and the ABC app as well as Hulu + Live TV, YouTube TV, AT&T TV or FuboTV. Get the Android Weather app from Google Play, Residents told to shelter in place after Norfolk, East Palestine residents receive aid at drive-thru, Marianne Williamson officially launches 2024 bid, What prompted $754M Powerball winner to buy ticket, Kenny sets sail at Lakewood HS Cardboard regatta, Watch: Kenny Crumpton competes in HS boat regatta, Ice Wine Festival celebrates local award-winning, Student-run restaurant cooking up success at East, Kenny previews Spring & Summer Camps at Cleveland, Cleveland Monsters Outdoor Classic delayed due to, LeBron James injury will keep star off court, Heres who the Browns will play at home next season, Cleveland Browns announce 2023 coaching staff changes, Who Browns will play in Hall of Fame game, Browns may look to rework Watson contract. Chobani Must Take 51% of the U.S. Yogurt Market To Justify IPO Valuation. Figure 2: Chobanis Profitability Vs. Forced to wear pampers, diaherra, stomach pain. Competitors, Competition Further Limits Margin Improvement. Delivery & Pickup Options - 180 reviews of Yogurtland "This Yogurtland is much like the other Yogurtlands. In other words, Chobani is taking investors capital through its IPO, while giving effectively no control of corporate decision making and governance. Get alerts and updates for your case! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2021 Strom Law Firm, L.L.C. This adjustment represents 15% of the expected IPO valuation. Advertising disclosure: We may receive compensation for some of the links in our stories. S L Cline says: Throwing up 3 4 times. Phone our lawyers now toll-free at (866) 588-0600 or fill out the contact form below to get your free legal advice. Sunday - Thursday. Chobanis Core Earnings fell from -$17 million in 2019 to -$21 million in 2020. If your illness required you to be hospitalized or you were exposed to a particularly dangerous contaminant, and your condition lasted for more than a few days, it is important to seek consultation from experienced attorneys. Web page addresses and e-mail addresses turn into links automatically. Surge Protectors Under Product Recall Due to Fire Hazard, DOJ Files Federal Complaint Against Factory for Toxic Leaks, Civil Rights Attorneys: How An Attorney for Civil Rights Can Help Your Case, Hair Straightener Lawsuits: Filing a Hair Straightener Lawsuit for Personal Injuries and Damage, CAMP LEJEUNE WATER CONTAMINATION LAWSUIT AND TOXIC WATER EXPOSURE, Camp Lejune water contamination lawsuit and toxic water exposure. For context, I also include the 2020 NOPAT of consumer foods firms Post Holdings (POST), Treehouse Foods (THS), and B&G Foods (BGS). Copyright iwaspoisoned.com. Even during Chobanis chosen period of 2010-2020, it grew revenue by only 19% compounded annually. Chobanis ROIC ranks below Nestle, General Mills, and the market-cap weighted average of the overall industry. Because the recall was voluntary, there is no word of how many cups or varieties are affected by the mold. Symptoms of botulism include difficulty swallowing, muscle weakness, vomiting, double vision, drooping eyelids, blurry vision, slurred speech, difficulty breathing, and difficulty moving the eyes. Potential Market Share is Limited to Greek Yogurt. Despite its leading market share, ChobanisCore Earningswere negative in 2019 and 2020 and competitive pressures look likely to keep Core Earnings low moving forward. Chobani said in a Facebook comment that cups with the code 16-012 and expiration dates between 9/11/2013 and 10/7/2013 would be replaced. Most often, food poisoning is mild and resolves without treatment within a few days. The U.S. Food and Drug Administration has announced a new recall of Lavva Blueberry Dairy Free Pili Nut Yogurt because of possible mold contamination.. Anyone who consumed the affected meat products and fell ill was entitled to up to $125,000 in direct compensation. On Wednesday, September 3rd, the Food and Drug Administration said that Chobani, manufacturers of a popular Greek yogurt, have agreed to issue afood recallfor their products, after numerous customer complaints. As many as 11 people across four counties are sick. For instance, Chobani has launched products in the following markets: Higher expected-growth rates from new product lines sound enticing, but they represent just a fraction of Chobanis business. Product recalls are especially important because defective drugs, medical devices, food, and toys can seriously injure or even kill consumers. People infected with pathogens may experience symptoms ranging from mild intestinal discomfort to severe dehydration and bloody diarrhea. The issue appears to be common dairy mold that has caused yogurt containers to swell and bloat. Texas residents who enjoy Chobani yogurt may want to steer clear of some of the companys Greek yogurts for a while because of a mold problem. Day, drinking electrolytes. Fifteen years ago, Chobani changed the yogurt market with more appealing Greek yogurt, but at that valuation, I see an unappealing 79% downside looming. In spite of Chobanis proactive removal of products from shelves, the FDA has gotten involved in the matter. WASHINGTONChobani, Inc., of Twin Falls, Idaho, today formally announced a recall of its Greek-style yogurts due to packaging bloating and swelling and some claims of illness, the U.S. Food and Drug Administration (FDA) announced. Did you also consume (in the past 7 days): Without your contact information it's not possible to follow up on your complaint. This field is for validation purposes and should be left unchanged. our Subscriber Agreement and by copyright law. However, these businesses increasingly represent Chobanis biggest competition. September 5, 2013 - Chobani Inc. is now recalling some of its Greek yogurt cups after they were found to contain mold, and a number of consumers reported illnesses after eating the product. It is 1 of 5 hepatitis viruses that infect the liver. 11:00 AM - 09:45 PM. Chobani Is Running Out of Growth Opportunities In Its Main Product. 2021 All Rights Reserved. All rights reserved. However, Chobanis election to be treated as a public benefit corporation makes a buyout less likely. Some customers even reported gastrointestinal distress after ingesting the yogurt. The company was hit earlier this summer with another class. Learn more. Chobani is asking for customers who purchased yogurts with the code dates to contact their customer service team atcare@chobani.comto get replacements. If you or a loved one has suffered from food poisoning or related illness, call the lawyers at Schmidt & Clark, LLP, today for a free case evaluation -- you may be eligible for financial compensation for your pain and suffering and we can help you file a claim. With a leading market share and a decade and a half of operations, Chobani is now the mature incumbent, with slow growth rates to match. Disclosure: David Trainer, Kyle Guske II, and Matt Shuler receive no compensation to write about any specific stock, style, or theme. Staying hydrated is most important. You may be entitled to a settlement by filing a food poisoning lawsuit and our attorneys can help. Chobani Greek yogurt flips I eat 3 to 4 Chopin Containated Greek yogurts a day. SUBSCRIBE TO OUR NEWSLETTER Call Now [telnumlink "800-317-2021"]800-317-2021[/telnumlink]. Despite its leading market share of the U.S. yogurt market, Chobani does not exhibit any pricing or cost advantages over its larger competitors. [1]To calculate implied market share, I assume Chobanis Yogurt sales make up 80% of revenue, which is down from 86% of revenue in the nine months ended September 25, 2021. The recall followed a move by Chobani to quietly pull affected yogurt cups from store shelves in early September, telling customers it had made a "voluntary" decision to fix "isolated . Again, for reference, Yoplaits 25% in 2011 is the highest market share seen in the U.S. Chobani Flip 5.3-ounce containers. Distribution and use of this material are governed by Chobani Inc., the leader of the Greek yogurt craze in the U.S., said Thursday it is voluntarily recalling of some of its yogurt following complaints that the products were swelling in their packaging and possibly causing illness. . Please fill out the legal contact form with your name/phone for a free confidential consultation or call our lawyers toll-free 24 hrs/day by dialing (866) 588-0600. The company has ceased the distribution of its yogurt cups until an investigation into the source of the contamination can be completed. Chobani said its revenue grew 5.2% to $1.4 billion from 2019 to 2020. Please provide your email. While most cases of shigella food poisoning occur in the developing world, around 450,000 cases of the illness occur in the United States each year. Protect others. However, growth started from a low base. General Mills large scale drives greater efficiencies, increased leverage over distribution outlets, and a diversification that Chobani lacks. The FDA reported to KTVB that there were 89 reports of illness from Chobani yogurt. SpouseParentChildSiblingFamily memberOther, Sweet James has my permission to help provide a free police report, Ciel Spa aka @CielSpaBH located the SLS Hotel i, Welcoming over 100,000 people every year, what beg, The holiday season is a time of giving! The New Berlin, New York-based company released a statement Wednesday on its blog saying in part: Our thorough investigation has identified a type of mold commonly found in the dairy environment. Number 8860726. This adjustment represented 3% of reported net assets. Chobani Yogurt says the yogurt in that batch may have been affected by a type of . Before the recall, Chobani had asked for some retailers to remove the yogurt cups from their shelves. Chobani, the popular Greek yogurt maker, is handling an investigation from the U.S. Food and Drug Administration (FDA) over a mold problem. I will also look at what Chobani could be worth in more realistic growth scenarios. The recall comes just days after the yogurt maker asked retailers removed specific lots of its yogurt cups from store shelves after numerous consumer complaints about foul smelling and tasting yogurt, and bloated containers. But New Products Bring New Competition Chobani was able to supplant incumbent yogurt. Chobani has multiple anti-takeover provisions in place that would make acquisition more costly/difficult if the founder ceases to hold at least fifty percent of the voting power in the company.