Diamond Foods (DMND) announces its 2010 and 2011 financial statements will need to be restated...

|About: Diamond Foods, Inc. (DMND)|By:, SA News Editor

Diamond Foods (DMND) announces its 2010 and 2011 financial statements will need to be restated following an Audit Committee investigation. "A 'continuity' payment made to growers in August 2010 of ≈ $20M and a 'momentum' payment ... in September 2011 of ≈ $60M were not accounted for in the correct periods." Shares are halted. (PR)