Dole Food Company Inc. Announces Settlement of 16 Lawsuits of Banana Workers Claiming Injuries as a Result of Exposure To DBCP.WESTLAKE VILLAGE, Calif. -- Dole Food Company Dole Food Company, Inc. is an American-based agricultural multinational corporation headquartered in Westlake Village, California and is the leading grower and packer of such food items as bananas, pineapples (fresh and packaged), grapes, strawberries, and other fresh and frozen , Inc. today announced the settlement of 16 of the 25 U.S. lawsuits by foreign farm workers who claim injuries from alleged exposure more than 20 years ago to the agricultural chemical DBCP DBCP Dibromochloropropane DBCP Database Connection Pooling DBCP Data Buoy Cooperation Panel (IOC, WMO) DBCP Digital Broadcast Content Provision (FCC) DBCP Data Base Connection Pools in countries in which Dole and its subsidiaries then operated. One of these lawsuits had been due to go to trial in Galveston, Texas
Michael Carter, Dole's Executive Vice President, General Counsel and Corporate Secretary said: "We are pleased with this successful continuation of our program of resolving outstanding DBCP claims. As we announced on October 23, 2006, Standard Fruit de Honduras, S.A., the Government of Honduras and representatives of Honduran banana banana, name for several species of the genus Musa and for the fruits these produce. The banana plant—one of the largest herbaceous plants—is said to be native to tropical Asia, but is now cultivated throughout the tropics. workers reached agreement to establish a Honduran Worker Program to resolve the claims of male banana workers alleging sterility sterility: see infertility. as a result of exposure to DBCP. The lawsuit settlements announced today build on that success." Carter noted: "Although there is no reliable scientific basis for alleged injuries from the agricultural field application of DBCP, Dole has continued to seek reasonable resolution of the pending claims." Dole Food Company, Inc., with 2005 revenues of $5.9 billion, is the world's largest producer and marketer of high-quality fresh fruit, fresh vegetables and fresh-cut flowers. Dole markets a growing line of packaged and frozen foods and is a produce industry leader in nutrition education and research. This release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ," within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve a number of risks and uncertainties. Forward looking statements, which are based on management's current expectations, are generally identifiable by the use of terms such as "may," "will," "expects," "believes," "intends" and similar expressions. The potential risks and uncertainties that could cause actual results to differ materially from those expressed or implied herein include weather-related phenomena; market responses to industry volume pressures; product and raw materials supplies and pricing; electrical power supply and pricing; changes in interest and currency exchange rates; economic crises and security risks in developing countries; international conflict; and quotas, tariffs and other governmental actions. Further information on the factors that could affect Dole's financial results is included in its SEC filings, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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