Diamond Foods Investors Push for Class Certification

Law360, San Francisco (May 2, 2013, 7:20 PM EDT) -- Diamond Foods Inc. shareholders urged a California federal judge Thursday to certify a class of investors who say the snack maker duped them into buying its stock before it flubbed a $2.3 billion deal to buy Procter & Gamble Co.'s Pringles brand, sending share prices into a nosedive.

Mississippi Public Employees' Retirement System asked U.S. District Court Judge William Alsup to certify a class of shareholders who had invested in Diamond Foods' stock between October 2010 and February 2012 and lost money when the stock went...
To view the full article, register now.