SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

September 06, 2011 11:26 ET

Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit on Behalf of Investors in Imperial Sugar Company

ATLANTA, GA--(Marketwire - Sep 6, 2011) - Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the Southern District of Texas on behalf of purchasers of Imperial Sugar Company ("Imperial Sugar" or the "Company") (NASDAQ: IPSU) common stock who purchased shares between December 29, 2010 and August 5, 2011, inclusive (the "Class Period"). Specifically, the lawsuit alleges that Imperial Sugar knew but failed to disclose the following: (i) ISC was experiencing a known reduction in customer demand for its products resulting from Mexican and other sugar refiners selling sugar products into ISC's markets at steeply discounted prices; (ii) that the decline in sales volumes was primarily due to a lack of customer demand ensuing from forays by competitors selling lower-priced products into ISC's markets and not due to Company refinery production supply constraints; (iii) ISC was experiencing a significant decline in its gross margins; and (iv) that ISC's Port Wentworth refinery was experiencing ongoing operating defects that resulted in higher production costs and adversely impacted ISC's gross margins.

If you purchased IPSU common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than October 31, 2011. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are an Imperial Sugar investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at, or, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm.