Corn Products Settles Shareholder Suit For $6.6M

Law360, New York (August 8, 2007, 12:00 AM EDT) -- Starch and sweetener supplier Corn Products International Inc. said Wednesday it has agreed to pay $6.6 million to settle claims that it made false statements regarding its 2005 financial forecast.

The agreement, which was preliminarily approved by the U.S. District Court for the Northern District of Illinois in June, settles a consolidated class action lawsuit in which shareholders accused the corn refiner of violating federal securities laws.

Any purchasers of Corn Products securities between Jan. 25, 2005 and April 4, 2005 are eligible to claim a...
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