00:00 It's Benzinga and here's what's on the block.
00:02 American rappers Snoop Dogg and Master P have sued supermarket giant Walmart and food manufacturer
00:07 Post Consumer Brands. The lawsuit claims the company sabotaged the rappers' cereal brand,
00:11 Snoop Cereal, which they launched through their company, Broadus Foods, in 2022.
00:15 The lawsuit alleges Walmart's stores hid boxes of Snoop Cereal in back rooms and falsely said
00:19 it was out of stock, while Post Consumer Brands tried to choke the brand out of the market.
00:23 The rappers refused to offer from Post to sell Broadus Foods, leading to the alleged
00:27 sabotage through Walmart, which both companies deny in statements pointing to low sales.
00:31 Prominent civil rights lawyer Benjamin Crump, representing the rappers,
00:34 called the company's actions a blatant disregard of a black-owned business.
00:37 For all things money, visit Benzinga.com
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