Campbell’s Soup Company stock fell over 3% on November 24th following reports of a lawsuit. The suit alleges a high-ranking executive made fun of customers, spoke negatively about Indian employees, and falsely claimed the company was using 3D-printed, lab-grown meat.
I’ve been following this story, and it all started with a recording made by Robert Garza, a former cybersecurity analyst. He said he was just trying to document a normal meeting about his salary with Martin Bally, the VP and Chief Security Officer at Campbell’s, back in late 2024. He didn’t realize at the time it would lead to all of this!
In a court filing, Garza claims that Bally disparaged Campbell’s products by saying they were for “poor people” and questioned their potential customer base. Garza also alleges Bally made repeated racist comments.
Campbell’s taken to court
A recording surfaced reportedly featuring a Campbell Soup Company executive, Bally, voicing worries about “lab-grown meat created by a 3D printer.” This comment sparked criticism from investors who prioritize environmental sustainability. Campbell’s responded to Newsweek, stating their ingredients aren’t made this way and calling the claims “completely ridiculous.”
The lawsuit, filed on November 20th as Garza versus Campbell Soup Company, claims that a company employee, Bally, confessed on a recording to coming to work after using marijuana edibles. He then reportedly spent an hour verbally attacking employees, customers, and the company’s products. Detroit’s Local 4 News aired parts of the recording, which allegedly includes Bally saying, “We have st for fking poor people.”
Garza reported the recording to his boss in January 2025, but was fired about 20 days afterward, according to a lawsuit. His lawyer said Garza had a clean record with the company and felt he was trying to protect coworkers who were the subject of the problematic comments.
Campbell’s Soup Company has stated that Bally is currently on leave as they investigate a matter internally. The company emphasized that Bally is not involved in making their food and that any comments attributed to them do not align with Campbell’s values or how they ensure the quality of their ingredients.
Market reaction and ongoing case
The recent controversy surrounding Campbell’s has upset shareholders, causing the company’s stock price to drop to $30.53 before trading officially opened on Monday. Some social media users are calling for a boycott, adding to the downward trend. Major investors in Campbell’s include BlackRock and Vanguard, both well-known for investing in companies with strong environmental, social, and governance (ESG) practices.
The lawsuit claims Campbell’s created a workplace where racial discrimination occurred and punished Garza for speaking up about it. The case is still in court, and the judge’s decision could lead to penalties for the company and its leaders.
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2025-11-25 18:50