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Litigation

Jun. 1, 2012

Diamond Foods wins dismissal of securities suits

A Northern District judge has dismissed a pair of shareholder lawsuits against Diamond Foods Inc. and current and former directors and officers over alleged misrepresentations in the company's public financial filings last year.


By Jill Redhage Patton


Daily Journal Staff Writer


SAN FRANCISCO - A federal judge has dismissed a pair of shareholder lawsuits against Diamond Foods Inc. and some of its current and former directors and officers over alleged misrepresentations in the company's public financial filings last year.


Several shareholders claimed the defendants used subterfuge to artificially inflate the stock price and protect Diamond's then-pending deal to...

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