We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Corn Products Settles Shareholder Suit For $6.6M

Law360 (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...
To view the full article, register now.




Case Information

Case Title

Blatt v. Corn Products International, Inc. et al

Case Number



Illinois Northern

Nature of Suit



Honorable James B. Zagel

Date Filed

May 20, 2005

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.