Krispy Kreme Doughnuts, Inc.

Winston-Salem, NC: A securities fraud class action lawsuit was filed against the doughnut chain on behalf of shareholders who bought stock between March 8, 2001 and April 18, 2005. The complaint claimed Krispy Kreme and certain executives and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated there under, by issuing a series of material misrepresentations to the market between the class period regarding its financial condition thereby artificially inflating the price of Krispy Kreme's stock. Krispy Kreme Doughnuts has reached a $75 million class action settlement agreement. (Oct-31-06) [HOUSTON CHRONICLE: KRISPY KREME SETTLEMENT]

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