Litigation
May 8, 2013
Federal judge certifies shareholder class action against Diamond Foods
A San Francisco federal judge Monday certified a class of shareholders that claim Diamond Foods Inc. failed to disclose the accounting practices that caused the snack food company's stock to rise precipitously, then dive.
Daily Journal Staff Writer
SAN FRANCISCO - A federal judge Monday certified a class of shareholders that claim Diamond Foods Inc. failed to disclose the accounting practices that caused the snack food company's stock to rise precipitously, then dive.
The certification decision could expand the class to tens of thousands of Diamond Foods shareholders.
In a 29-page order, U.S. District Judge William Alsup sided ...
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