is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
Corn+Soybean Digest

Lawsuit Filed Against Former Verasun Execs

A class action lawsuit has been filed by VeraSun stockholders, claiming company executives were untruthful about the financial state of the company when it offered 20 million shares of common stock for sale on Sept. 16, 2008. VeraSun declared bankruptcy the following month and nearly all company assets have since been sold at auction, according to The Brock Report.

The lawsuit alleges that in a public statement VeraSun officials told investors they “do not speculate on the price of corn or ethanol.” But the lawsuit claims the defendants “engaged in highly risky commodity transactions and speculated on their view of the future price of corn in hopes of reaping significant financial gain.”

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.