November 15, 2007 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
June 19, 2007 - The court preliminarily approved the settlement.

June 5, 2007 - Parties filed a stipulation of settlement.

June 14, 2006 - The court denied the defendants' motion to dismiss.

January 24, 2006 - The defendants filed a motion to dismiss.

November 28, 2005 - The lead plaintiff filed an amended consolidated complaint.

September 1, 2005 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

July 19, 2005 - Lead plaintiff motions were filed.

May 20, 2005 - An investor in shares of Corn Products International Inc (NYSE: CPO) filed a lawsuit in the U.S. District Court for the Northern District of Illinois against Corn Products International Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between January 25, 2005 to April 4, 2005.

The class alleges that Corn Products International Inc and certain of its executive officers violated federal securities laws because defendants knew but failed to tell investors about a host of problems plaguing Corn Products International Inc between January 25, 2005 to April 4, 2005. For example, the complaint alleges that Corn Products International Inc and its CEO and CFO knew that Corn Products International Inc’s hedging strategy during the Fall of 2004 was a failure and would erode earnings for a year to come, but they said nothing to investors. The complaint further alleges that defendants also knew but failed to disclose manufacturing problems at certain facilities that were driving expenses materially higher — far above internally forecasted levels. Finally, according to the Complaint, in the face of these problems, the defendants possessed no reasonable basis for the positive statements they made about Corn Products International Inc between January 25, 2005 to April 4, 2005, and in fact, the defendants knew their forward-looking statements were false when made.

Then, on April 5, 2005, Corn Products International Inc issued a press release before the market opened. That press release rocked the market and sent Corn Products International Inc’s stock price from $25.86 per share to $20.98 per share on very heavy trading volume. The press release disclosed, for the first time, that Corn Products International Inc expected its first-quarter earnings to drop by up to forty percent due to the following factors: (i) timing of corn purchases; (ii) increased expenses; and (iii) manufacturing expense problems.

The parties signed a Stipulation and Agreement of Settlement on May 23, 2007 which provides for a settlement fund of $6.6 million. Judge Zagel preliminarily approved the settlement on June 18, 2007. A fairness hearing was held before Judge Zagel on November 15, 2007, at which Judge Zagel gave final approval to the settlement. To learn more about and/or participate in the Settlement, please review the “Notice of Proposed Settlement of Class Action, Hearing on Proposed Settlement and Attorneys’ Fee Petition, and Right to Share in Settlement Fund” to the right.