The lawsuit, settled by a federal judge inIllinois, claimed that private label food leader exaggerated its
business performance following its acquisition of ConAgra’s private label business.
TreeHouse Foods has settled a class-action suit with investors by agreeing to pay $27 million to the
Plaintiffs, headed by the Mississippi Public Employees Retirement System. The settlement was
tentatively approved by a federal judge in Illinois.
The class-action lawsuit claimed TreeHouse misled the market during the class period that its acquisitions
of Flagstone Foods and the “Private Brands” business of ConAgra Foods, Inc were successful. But,
actually, TreeHouse couldn’t successfully integrate.
On november 19th
, an Illinois federal judge granted more than $7 million in fees and costs to counsel who
signed a $27 million securities fraud settlement over TreeHouse Foods Inc.’s $2.7 billion purchase of a
Conagra Foods unit, two days after he gave the deal his final blessing.
U.S District Judge Robert Dow Jr. ’s order awarded wolf popper LLP $6.75 million in attorneys fee and
$327.242 in litigation costs to compensate the firm.