Judge Nixes Stock Fraud Suit Against Green Mountain Coffee

Law360, New York (January 31, 2012, 1:34 PM EST) -- A Vermont federal judge threw out a consolidated stock fraud suit against Green Mountain Coffee Roasters Inc. on Friday, but gave investors who claim the company, its CEO and other executives tricked them into buying overvalued shares a shot to replead their case.

U.S. District Judge William K. Sessions III ruled that the Waterbury, Vt., company's Sept. 28, 2010, announcement that it found an accounting error did not amount to intentional fraud on the part of Green Mountain or three individual defendants — CEO Lawrence Blanford,...
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