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SEIU Files Shareholder Derivative Lawsuit Against Chiquita, Calls for Fundamental Shift in 'Profit at Any Costs' Business Model

The Service Employees International Union [SEIU] filed a shareholder derivative lawsuit against several present and former officers and directors at Chiquita...who were involved in the illegal transfer of funds to paramilitary groups in Colombia...As a shareholder of Chiquita, SEIU seeks to restore shareholder value through improvements in corporate governance...In March 2007, Chiquita admitted to paying the paramilitary group AUC, an organization widely known...to have committed heinous acts against union activists, impoverished workers, and other innocent civilians.

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