September 7, 2012 - 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.
May 1, 2012 - The court preliminarily approved the settlement.

April 26, 2012 - Parties filed a stipulation of settlement.

August 14, 2009 - The court denied the motion to dismiss.

November 5, 2008 - The defendants filed a motion to dismiss.

October 30, 2008 - The lead plaintiff and lead counsel were appointed.

October 14, 2008 - The plaintiff filed an amended complaint.

August 25, 2008 - A lead plaintiff motion was filed.

June 26, 2008 - An investor in shares of Sonoco Products Company (NYSE: SON) filed a lawsuit in the U.S. District Court District of South Carolina Florence Division against Sonoco Products Company and certain of its officers and directors over alleged violations of Federal Securities Laws.

The complaint alleges that, between February 7, 2007 and September 18 2007, defendants issued a series of materially false and misleading statements concerning Sonoco Products Company’s financial performance and prospects. Specifically, the complaint alleges that these statements were materially false and misleading because defendants failed to disclose and/or misrepresented: (i) that Sonoco Products Company was losing market share to its competitors; (ii) that Sonoco Products Company was having operational difficulties in implementing its next generation of products; (iii) that Sonoco Products Company was experiencing weaker sales in its Engineered Carriers and Paper and Consumer Packaging segments, especially in North America; (iv) that Sonoco Products Company was distracted by the loss of a bid on a large contract, which resulted in decreased sales and price concessions on current contracts; (v) that Sonoco Products Company was having a difficult time in moving its old inventory; and (vi) that as a result of the forgoing, Sonoco Products Company had no reasonable basis for its 2007 earnings guidance.

On July 20, 2007, Sonoco Products Company announced its financial results for the second quarter of 2007, the period ended July 1, 2007. For the quarter, Sonoco Products Company reported earnings of $0.41 per diluted share, below analysts’ expectations. In response to this announcement, shares of Sonoco Products Company’s common stock (NYSE: SON) fell $6.30 per share, or over 14%, to close at $38.00 per share, on heavy trading volume.

On September 18, 2007, Sonoco Products Company announced that it was reducing its third quarter 2007 base earnings estimate to a range of $0.55 to $0.58 per diluted share. Upon this news, shares of Sonoco Products Company’s (NYSE: SON) stock fell $2.42 per share, or over 7%, to close at $30.78 per share, on heavy trading volume

Sonoco Products Company manufactures industrial and consumer packaging products, and packaging services primarily in the United States, Europe, and Canada.