Chiquita Brands Sues SEC to Probe Documents’ Release
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Chiquita Brands International Inc. sued the U.S. Securities and Exchange Commission to block disclosure of documents from a probe of payments to a Colombian paramilitary group, saying their release would subject the company to unfair criticism.
Chiquita, in a lawsuit filed today in federal court in Washington, said the SEC hasn’t properly assessed documents it turned over to the government during the investigation of payments made through its former Banadex unit to the United Self Defense Forces of Colombia, or AUC. The documents were sought under the Freedom of Information Act by the National Security Archive, a Washington-based nonprofit group.