Bloomington firm sued over coupon caper

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Pepsico and Johnson & Johnson are among several big companies that have sued Bloomington-based International Outsourcing Services to try to recover $150 million the companies say they were bilked out of in a coupon scheme.

The suit, filed Oct. 12 in Milwaukee, claims International Outsourcing turned in invoices for coupons that had not been used, according to the Herald-Times of Bloomington.

As the nation’s largest such clearinghouse, International Outsourcing processes coupons and reimbursements between the product maker and retailer.

In March, a federal grand jury in Milwaukee indicted the company on charges of cheating victims of more than $250 million over 10 years.

Charges against the company have been dropped, but criminal charges remain against three former executives, all of whom live in Bloomington: Chairman Bruce Furr, Executive Vice President Lance Furr, and Chief Financial Officer William Babler.

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