Tuesday, June 21, 2005

Class action suit filed against ConAgra

A class action suit filed in U. S. District Court in Nebraska claims ConAgra Foods overstated its financial projections for fiscal year 2005, making misleading statements regarding company business, according to MarketWatch.
The lawsuit also alleges ConAgra officials did not carry out "necessary internal controls" to reach its financial projections, Marketwatch said.

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