Deals
Dole's Murdock Agrees to $74 Million Buyout-Suit Settlement
- Accord settles claims over plan to take company private
- Pension funds’ suits accused Dole CEO of misleading investors
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Dole Food Co. Chief Executive Officer David Murdock agreed to a $74 million settlement of claims he misled investors about a 2013 deal to take the fresh-fruit producer private so he could acquire the remainder of the company on the cheap.
Murdock and Michael Carter, Dole’s former president and chief counsel, resolved the investors’ lawsuits over the $1.2 billion transaction after meeting with a mediator in January, according to court filings.