LegalApr 10, 2026, 04:12 PM
BOSTON BEER hit with $175.5M jury verdict in Ardagh lawsuit
AI Summary
A jury has ruled against Boston Beer Co. in a lawsuit filed by Ardagh Metal Packaging USA Corp., ordering the company to pay approximately $175.5 million in damages. The lawsuit alleged Boston Beer failed to purchase minimum contractual volumes of aluminum cans from 2021 to 2025. Boston Beer denies breaching the contract and plans to appeal, but expects to record a $175.5 million pre-tax litigation expense. The company anticipates funding the payment using its $223.4 million cash on hand and $150 million credit line, stating it does not expect a material impact on operations.
Key Highlights
- Jury verdict against Boston Beer Co. for approximately $175.5 million.
- Damages relate to alleged failure to purchase minimum aluminum can volumes.
- Company had $223.4 million cash and $150 million available credit line.
- Boston Beer plans to pursue post-trial motions and appellate remedies.
- Expects to record a $175.5 million pre-tax litigation expense.