Diamond Foods To Restate Financials, Replace CEO And CFO

Posted on February 09, 2012 at 11:39 AM EST

Diamond Foods Inc. (Nasdaq: DMND) must restate financial results for two years and will replace its chief executive and chief financial officer after an internal audit revealed improper accounting related to payments for walnut growers. Shares of the snack products company plummeted $13.33 to $23.33.

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Diamond Foods, Inc.

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