September 26, 2013
A California federal judge Thursday gave preliminary approval to Diamond Foods Inc.'s bid, potentially worth $120 million, to exit a class action claiming the snack maker duped investors into buying its stock before flubbing a $2.3 billion deal to purchase Procter & Gamble Co.'s Pringles brand, sending share prices plummeting.
August 21, 2013
Diamond Foods Inc. will pay $96 million to settle a federal class action over accounting errors that led to earnings restatements and ended its bid for the Pringles potato-chip brand, the company said Wednesday.
May 06, 2013
A California federal judge on Monday certified a class of Diamond Foods Inc. investors who say the snack maker duped them into buying its stocks before it flubbed a $2.3 billion deal to purchase Procter & Gamble Co.'s Pringles brand, sending share prices into a nosedive.
May 02, 2013
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.
April 26, 2013
A California federal judge on Tuesday ordered Chitwood Harley Harnes LLP and Lieff Cabraser Heimann & Bernstein LLP to disclose contributions made to the Democratic Attorneys General Association in a securities class action accusing Diamond Foods Inc. of making improper payments to walnut growers that doomed an acquisition of the Pringles brand.
December 03, 2012
A California federal judge on Friday refused to toss a consolidated class action accusing Diamond Foods Inc. of making improper payments to walnut growers that led to the snack food maker's ultimately failed acquisition of Pringles potato chips and caused the company's stock to plummet.
November 09, 2011
Investors in Diamond Foods Inc. on Monday filed two class actions alleging a burgeoning scandal over improper payments to walnut growers that caused a delay in the snack food maker's acquisition of Pringles potato chips also hammered Diamond's stock.