Plaintiffs Cut Settlement Deal With Cheese Maker

Law360, New York (November 9, 2007, 12:00 AM EST) -- The lead plaintiffs in a shareholder lawsuit stemming from an accounting scandal at New Jersey gourmet cheese retailer Suprema Specialties on Thursday asked a federal court to approve a $19 million settlement with the defendants in the case.

In court documents, the Teachers' Retirement System of Louisiana asked the court to give preliminary approval to a settlement between it and Suprema's underwriters Janney Montgomery Scott LLC, Pacific Growth Equities Inc. and Roth Capital Partners LLC, as well as former directors Rudolph Acosta Jr., Paul Desocio and...
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