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Campbell Soup Co. has agreed to pay $35 million to settle a spate of federal class action securities suits brought by shareholders who said the company artificially inflated its sales figures for 1997 and 1998 to create the false impression that it was routinely meeting Wall Street's quarterly sales projections. The settlement must be approved by U.S. District Judge Joseph E. Irenas of New Jersey.
February 14, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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