date:Aug 22, 2013
Feb. 8, 2012.
Diamond Foods said its insurers would fund a substantial portion of the $11 million in cash. Meanwhile, the company would have the ability to privately place, or conduct a public offering of, the 4.45 million shares with the consent of the lead plaintiff and its counsel, prior to the distribution of the settlement fund.
The lawsuit stems from findings that a continuity payment made to growers in August 2010 of approximately $20 million and a momentum payment made to growers in Se