The law firm of Milberg Weiss Bershad & Schulman LLP announces that a class action lawsuit was filed on June 1, 2005 on behalf of purchasers of the securities of Corn Products International, Inc. (NYSE: CPO) ("Corn Products" or the Company) between January 25, 2005 and April 4, 2005 inclusive (the "Class Period") seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). If you bought the securities of Corn Products between January 25, 2005 and April 4, 2005, and sustained damages, you may, no later than July 19, 2005, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Milberg Weiss Bershad & Schulman LLP, or other counsel of your choice, to serve as your counsel in this action. The action is pending in the United States District Court for the Northern District of Illinois (Eastern Division) against defendants Corn Products, Samuel Scott (CEO) and Cheryl Beebe (CFO). A copy of the complaint filed in this action is available from the Court, or can be viewed on Milberg Weiss's website at: http://www.milbergweiss.com The complaint alleges that Corn Products manufactures starches and liquid sweeteners, including glucose corn syrups, high maltose corn syrups and industrial and food-grade starches. Its basic raw material is corn and, throughout the Class Period, defendants maintained that they had properly hedged the Company's exposure to corn price fluctuations. The truth emerged on April 4, 2005 after the market closed, when it became clear that the Company had not, as it had claimed, properly hedged its corn position. On that date, defendants announced that first-quarter 2005 estimated earnings per share would be down 35-40% year-over-year due to higher net corn costs, higher energy and freight costs, and undisclosed "manufacturing expense problems" (later revealed to have arisen from "freakish" manufacturing problems at several plants in the U.S. and Canada). On this news, Corn Product shares, which had closed at $25.86 on April 4, 2005, fell $5.75, or 22%, to a low of $20.11 before closing out the day at $20.98. Milberg Weiss Bershad & Schulman LLP (http://www.milbergweiss.com) is a firm with over 100 lawyers with offices in New York City, Los Angeles, Boca Raton, Delaware, Seattle and Washington, D.C. and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and others for nearly 40 years. Please contact the Milberg Weiss website for more information about the firm. If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following attorneys: -0- *T Steven G. Schulman Peter E. Seidman Andrei V. Rado One Pennsylvania Plaza, 49th fl. New York, NY, 10119-0165 Phone number: (800) 320-5081 Email: sfeerick@milbergweiss.com Website: http://www.milbergweiss.com *T
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