$30 million ADM settlement.NEW YORK--(BUSINESS WIRE)--Sept. 27, 1996--Archer Daniels Midland Co. has reached an agreement in principal to settle a securities class action pending against it for $30 million, without admitting any of the alleged violations of law. A consolidated securities class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax was previously filed against ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. under Sec. 10(b) and Rule 10(b)(5) in the United States District Court for the Central District of Illinois The U.S. District Court for the Central District of Illinois serves the residents of forty-six counties from its four courthouses. The counties are: Adams, Brown, Bureau, Cass, Champaign, Christian, Coles, DeWitt, Douglas, Edgar, Ford, Fulton, Greene, Hancock, Henderson, Henry, . The co-lead counsel for the Plaintiff class are Lester L. Levy of Wolf Popper Ross Wolf & Jones L.L.P.; Vincent R. Cappucci of Bernstein Litowitz Berger & Grossmann LLP; and Jeffrey H. Squire of Kaufman Malchman Kirby & Squire L.L.P., all of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . CONTACT: Wolf Popper Ross Wolf & Jones, New York Lester L. Levy, 212/759-4600, fax 212/486-2093 |
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