Judge approves settlement in US Sugar federal lawsuit in West Palm Beach
By APMonday, January 4, 2010
Judge approves settlement in US Sugar lawsuit
WEST PALM BEACH, Fla. — A federal judge in South Florida has approved a settlement in a lawsuit filed against U.S. Sugar Corp. by its employee shareholders.
The judge on Friday approved the agreement reached in October between plaintiffs and the nation’s largest cane sugar producer. It calls for U.S. Sugar to pay $8.4 million. If a planned $536 million deal with Florida goes through to buy 73,000 acres of farmland from the company for Everglades restoration, U.S. Sugar then would pay plaintiffs an additional $7.5 million.
The lawsuit was filed in 2008 on behalf of more than 4,000 employees who claimed U.S. Sugar’s board didn’t inform them of two buy-out offers before rejecting the deals. U.S. Sugar, which did not admit wrongdoing, is a privately held company owned largely by employees.
January 13, 2010: 5:13 am
The main reason because of which people go for online debt settlement programs is financial complications. |
January 5, 2010: 4:03 am
Eli Lilly sells a drug (Zyprexa) that can cause diabetes and then turn a profit on the drugs that treat the condition that they may have caused in the first place! Eli Lilly has made $38 billion on Zyprexa and it was way oversold and caused diabetes and in some cases sudden death. Addictive Zyprexa was pushed by Lilly Drug Reps. —- WARNING- |
Debt Settlement Companies