This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Securities

Aug. 29, 2015

Owner of Dole Foods hit with $148 million judgment from buyout

The former chief executive officer and now-owner of Westlake Village-based Dole Food Co. Inc. suffered a major loss Thursday when a Delaware judge ordered him and another executive to pay former Dole shareholders $148 million.


By Joshua Sebold


Daily Journal Staff Writer


The former chief executive officer and now-owner of Westlake Village-based Dole Food
Co. Inc. suffered a major loss Thursday when a Delaware judge ordered him and the
company's former chief operating officer to pay former Dole shareholders $148 million.


Legal experts said the ruling could improve negotiating positions for s...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up