Judge Throws Out Suit Against Winn-Dixie Execs

Law360, New York (December 6, 2007, 12:00 AM EST) -- A putative class action against three former Winn-Dixie Stores Inc. executives was tossed Wednesday, with a federal judge finding that statements the defendants made about their new business strategy are not actionable under federal securities laws.

Judge Virginia M. Hernandez Covington of the U.S. District Court for Middle District of Florida granted the defendants' motion to dismiss, for now ending the action brought on behalf of Winn-Dixie shareholders from August 2002 through January 2004.

The three defendants were two former CEOs and one former CFO of...
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