Royal Ahold Settles

Royal Ahold NV (NYSE: AHO), the Dutch owner of the Giant and Stop & Shop supermarket chains, has announced the preliminary settlement of the securities class action pending against the company in the D. of Md. The case was originally filed in 2003 after Royal Ahold announced a large financial restatement.

The settlement is for $1.1 billion and is the largest U.S. securities class action settlement ever entered into by a European company. Bloomberg has this report.

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