Kangadis files for bankruptcy following class action suits

New York-based olive oil and Mediterranean specialty foods producer Kangadis Foods, Inc. has filed for chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of New York. The company, which sells its olive oils under brand names that include Gourmet Factory, Capatriti and Porto, made headlines last February when the North American Olive Oil Association (NAOOA) filed a lawsuit claiming “unlawful, misleading and deceptive misbranding.”