Terrorist Payouts Were To Protect Workers: Chiquita

Law360, New York (February 26, 2009, 12:00 AM EST) -- Shareholder derivative lawsuits over Chiquita Brands International's payments to two Colombian terrorist groups should be dismissed because the company's management and board acted in good faith to protect the safety of its employees, a special litigation committee of Chiquita's board told a federal court Wednesday.

The three-member special litigation committee argued in a dismissal motion filed in the U.S. District Court for the Southern District of Florida that continuing the derivative suits would not be in Chiquita's best interest because continuing the case would only do...
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