Investor Class Action Against Stevia Supplier Nixed

Law360, New York (February 3, 2014, 4:58 PM EST) -- A New York federal judge on Friday dismissed a proposed class action that claimed a producer of popular sweetener stevia failed to provide proper notification of a declining relationship with its primary customer to its investors.

In a brief order, U.S. District Judge Katherine B. Forrest ruled that a group of investors led by Joseph Lardy and Joan Carol Lattimore had failed to provide adequate support for allegations that GLG Life Tech Corp. misled them and other investors about its relationship with China-based food and agricultural...
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