Reddy Ice Blasts Shareholder Fraud Claims

Law360, New York (December 18, 2009, 1:35 PM EST) -- Reddy Ice Holdings Inc. and its former brass are seeking a quick end to a proposed shareholder class action over the company's alleged antitrust activities, saying the case relies on hearsay and fabrication rather than fact.

On Thursday, the four former senior executives joined the nation’s largest packaged ice manufacturer in urging Judge Paul D. Borman of the U.S. District Court for the Eastern District of Michigan to dismiss the consolidated shareholder complaint, contending the plaintiffs have fallen woefully short of pleading any violation of securities...
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