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This website provides general information on a class action settlement on behalf of all persons or entities who purchased or otherwise acquired shares of Campbell Soup Co. (“Campbell”) common stock during the period from September 8, 1997 through January 8, 1999, inclusive, (the “Class Period”) (the “Settlement Class”) in a lawsuit against Campbell, Dale F. Morrison (Campbell’s Chief Executive Officer during the Class Period) and Basil L. Anderson (Campbell’s Chief Financial Officer during the Class Period) (collectively, the “Defendants”). By Order of the United States District Court, District of New Jersey filed under the caption In re Campbell Soup Co. Securities Litigation, Civil Action No. 00 152 (JEI), the distribution of the Net Settlement Fund was approved on April 25,2007. A settlement has been reached between Campbell, two of its executives and the Settlement Class in a litigation which alleged that as a result of Defendants’ alleged material misrepresentations or omissions in connection with the purchase or sale of Campbell stock during the Class Period caused the price of Campbell stock to be artificially inflated, thereby causing damage to Settlement Class members. Defendants deny any wrongdoing or liability relating to any claims asserted by the Settlement Class, but have agreed to a Settlement in the amount of $35 million in cash. The Net Settlement Fund has been distributed to Settlement Class members who submitted a valid timely Proof of Claim and Release in accordance with the Plan of Distribution. The Plan provides for a distribution of the Net Settlement Fund to Settlement Class members who purchased shares of common stock between September 8, 1997 and January 8, 1999.
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