After eight years of litigation, the Coca-Cola Co. will pay $137.5 million in cash to settle a securities fraud suit brought in 2000 by Coke shareholders.

The proposed settlement says the company will pay shareholders who bought Coke common stock between Oct. 21, 1999, and March 6, 2000, or sold Coke stock between Dec. 6, 2000, and April 6, 2000, an estimated average of 53 cents a share, according to the settlement notice filed July 3 in U.S. District Court in Atlanta.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]