Yet Another U.S. Securities Suit Arising from a Latin American Corruption Investigation

By | The D&O Diary | March 23, 2015
Yet Another U.S. Securities Suit Arising from a Latin American Corruption Investigation

In yet another U.S. securities class action lawsuit involving a non-U.S. company and a corruption investigation in the company’s home country, on March 19, 2015 a shareholder of Chemical & Mining Company of Chile, Inc. (Sociedad Quimica y Minera de Chile, S.A, or SQM), the world’s largest producer of iodine and lithium and a major potash producer, filed a lawsuit in the Southern District of New York against the company and certain of its directors and officers.