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Welcome to the Campbell Soup Co. Securities Litigation Settlement Website

This website will be updated with additional information as it becomes available. 

(Last updated on June 1, 2007)

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.

  • The deadline to file a Proof of Claim and Release has expired.  We are no longer accepting any additional Proofs of Claim, as the Final Distribution Order was signed by the Court on April 25, 2007.

  • All Proofs of Claim have been processed in the Settlement and claimants whose claims had been identified as deficient were notified to correct any deficiency in their claim.  We also advised claimants who were not eligible to participate in the Net Settlement Fund pursuant to the Court ordered Plan of Distribution or whom have no Recognized Losses based on the Court ordered Plan of Distribution.

  • The time to file your objection(s) has expired.  All requests had to be filed with the Court and Co-Lead Counsel no later than April 30, 2003, in accordance with the Right to be Heard at the Hearing section on page 7 of the Notice.

  • The time to exclude yourself from the Settlement Class has expired.  Written requests to Co-Lead Counsel and the Claims Administrator had to be mailed and postmarked no later than April 30, 2003, as detailed in the instructions for Exclusion from the Class on page 5 of the Notice.

  • Distribution Checks were mailed on May 30, 2007.  The checks were calculated according to the Court ordered Plan of Distribution.