April 04, 2013
Two shareholders who challenged H.J. Heinz Co. over an allegedly self-dealing $28 billion buyout proposal by a private equity firm agreed to dismiss their class actions Thursday, saying they had determined Heinz and its suitors hadn't violated securities laws or their fiduciary duties to investors.
February 19, 2013
The FBI said Tuesday it is looking into a H.J. Heinz Co. insider trading scandal with the U.S. Securities and Exchange Commission, on the heels of a shareholder suit accusing the company's board of self-dealing in accepting a $28 billion buyout proposal.