US Sugar Workers Win Initial Deal OK In Buyout Dispute

Law360, New York (November 12, 2010, 2:14 PM EST) -- A federal judge has given a preliminary stamp of approval to a deal that will see U.S. Sugar Corp. employee shareholders receive up to $18 million in exchange for dropping class action allegations that the agricultural giant rejected a lucrative buyout offer and kept it secret from the shareholders.

In an order Wednesday, Judge Donald Middlebrooks of the U.S. District Court for the Southern District of Florida preliminarily approved the proposed deal, saying it was “fair, reasonable and adequate.”

The latest version of the settlement comes...
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