date:Aug 22, 2013
Diamond Foods, Inc. has reached a proposed settlement under which the packaged food company would settle the private securities class action pending against the company and two of its former officers.
Under terms of the settlement, Diamond Foods has agreed to pay a total of $11 million in cash and issue 4.45 million shares of common stock to a settlement fund. The fund would be used to resolve all claims asserted on behalf of investors who acquired Diamond Foods stock between Oct. 5, 2010, and