Warren Buffett's Duracell sues Energizer over battery life claims

Reuters

Published Sep 08, 2020 07:20PM ET

By Jonathan Stempel

NEW YORK (Reuters) - Duracell, the battery unit of Warren Buffett's Berkshire Hathaway Inc (N:BRKa), sued the maker of Energizer batteries on Tuesday, accusing it falsely advertising that its Energizer MAX batteries last up to 50% longer than other alkaline batteries.

The lawsuit follows Energizer Holdings Inc's (N:ENR) own lawsuit last Sept. 30 accusing Duracell of falsely advertising that its then-new "Optimum" batteries were more powerful and lasted longer than rival batteries.

Duracell filed counterclaims alleging false advertising in that case. It is now accusing Energizer of having "doubled down" by claiming on battery packages, on printed coupons and through in-store advertising that MAX batteries are "up to 50% longer lasting than basic alkaline in demanding devices."

Energizer is attempting "to confuse and mislead consumers regarding the comparative benefits of Energizer's MAX batteries relative to other alkaline batteries," including Duracell's Coppertop batteries, Duracell's complaint said.

Lawyers for Energizer did not immediately respond to requests for comment.

Both lawsuits were filed in Manhattan federal court.

The companies have sought damages for false advertising under New York law and the federal Lanham Act, as well as halts to any improper advertising.

Duracell said it had a 45% share of the U.S. market for alkaline household batteries, while Energizer has a 26% share.

Berkshire bought Duracell, which has offices in Bethel, Connecticut, from Procter & Gamble Co (N:PG) in February 2016. Energizer is based in St. Louis.

The latest case is Duracell US Operations Inc v Energizer Brands LLC, U.S. District Court, Southern District of New York, No. 20-07318.

 

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes