Shareholder Slams Stevia Supplier Over Alleged Deception

Law360, New York (January 31, 2012, 5:08 PM EST) -- GLG Life Tech Corp. was hit with a proposed class action in New York federal court on Monday that accuses the stevia supplier of misleading investors by failing to disclose distribution and demand problems that drove down sales of the natural sweetener.

The company projected high growth in sales of stevia after announcing in December 2010 that it had partnered with China Agriculture and Healthy Foods Company Ltd. to sell and distribute natural, zero-calorie foods and beverages in China, according to the complaint filed by Joan...
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