Heinz argues $400,000 would be appropriate as that is the profit it made from the discontinued Shredz snacks

The consumer watchdog has called for food giant Heinz to be fined $10m after misleading consumers by claiming one of its snacks, marketed for toddlers, was beneficial for young children.

But the company has described such a penalty as “oppressive” suggesting $400,000 would be a more appropriate figure.

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Read More Watchdog asks that Heinz be fined m for toddler snack health claims

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