US Sugar Workers Strike Deal In Buyout Dispute

Law360, New York (September 28, 2009, 3:08 PM EDT) -- A putative class of U.S. Sugar Corp. employee shareholders is seeking court approval of a settlement of up to $15.9 million with the company and its executives over allegations that the agricultural giant rejected a lucrative buyout offer and kept it secret from the shareholders.

In a filing Friday, the plaintiffs asked Judge Donald Middlebrooks of the U.S. District Court for the Southern District of Florida to preliminarily sign off on the proposed deal, saying it was “fair, reasonable and adequate.”

The plaintiffs also asked Judge...
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