Ploss v. Kraft Foods Group, Inc.

Memorandum Opinion and Order

Honorable Edmond E. Chang, United States District Judge

Harry Ploss brings suit on behalf of himself and a proposed class, alleging that Kraft Food Group, Inc. and Mondeléz Global LLC manipulated the market by maintaining a large position of wheat futures in an attempt to influence prices, and not for any legitimate need for wheat (the “long wheat futures scheme”).1 (For sim*1045plicity, the Opinion will refer to the Plaintiffs collectively as “Ploss” and to the Defendants collectively as “Kraft”) Ploss also alleges that Kraft manipulated the market by engaging in…