The Race to the Bottom is following developments in In re Chiquita Brands International, Inc., specifically the claims brought by a class of plaintiffs represented by the Special Litigation Committee (“SLC”). Recently, the SLC and Chiquita filed a notice of settlement. In a related case, occupying the same docket as the SLC claims, Chiquita faces civil damages claims based on aiding and abetting the homicide of U.S. nationals living outside the United States, conspiracy charges under 18 U.S.C. § 2333, and that Chiquita provided material support or resources to terrorists. Julin v. Chiquita Brands Int'l Inc., No. 08-01916-MD-MARRA/JOHNSON, 2010 U.S. Dist. LEXIS 9488 (S.D. Fla. February 4, 2010). Judge Mara granted in part and denied in part Chiquita’s motion to dismiss. As a related case to our coverage, we are providing the order and opinion.
The primary materials in this case can be found at the DU Corporate Governance Web Site.