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Chiquita Bananas settles suits over their terror payments

Chiquita Brands International Inc., which in 2007 pleaded guilty to U.S. charges of paying terrorist groups in Colombia for protection, said it reached a "favorable" settlement of shareholder lawsuits over the illegal payments.

The downtown Cincinnati-based product company will not pay money damages under the proposed deal, Chiquita spokesman Ed Loyd said Wednesday in a phone interview. A notice of the settlement was filed Tuesday in federal court in Fort Lauderdale, Fla.

For more: US: Chiquita settles suits over terror payments


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