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dav1234

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dav1234

Re: None

Wednesday, 08/21/2013 8:40:13 AM

Wednesday, August 21, 2013 8:40:13 AM

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Diamond Foods settles class action suit and issues preliminary results
Diamond Foods says it entered a proposed class action settlement. The company will pay $11M in cash and issue 4.45M shares to a settlement fund as part of the agreement. The company also issued preliminary FY13 estimates at $860M-$865M in sales and EBITDA of $98M-$101M. Shares of DMND are halted.
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