HAGENS BERMAN

Lead Plaintiff Deadline: January 6, 2012
Class Period: December 9, 2010 - November 4, 2011

Hagens Berman lawyers are investigating whether Diamond Foods Inc. (NASDAQ:DMND ) made false and misleading statements and omissions regarding the Company's internal financial controls and its accounting for payments to crop growers.

A class-action lawsuit has been filed on behalf of investors. The deadline to move for lead plaintiff is January 6, 2012.

The investigation centers on whether Diamond Foods violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, on behalf of investors who purchased or otherwise acquired Diamond's common stock during the period through December 9, 2010 and November 4, 2011.

Diamond Foods announced on November 1, 2011 that it had received a communication from outside the Company questioning the timing of certain payments to walnut growers and therefore was postponing its $2.35 billion acquisition of Pringles, in order to allow Diamond to complete an internal accounting investigation.

Kathrein added that Hagens Berman is evaluating representing additional investors in class-action litigation.

Hagens Berman is investigating whether these statements were materially false and misleading and whether the company was lacking sufficient internal controls making it susceptible to accounting fraud; whether defendants failed to disclose accounting irregularities surrounding payments; whether the Company was supplying accurate financial statements; and if Diamond properly disclosed the risks of the possible lack of internal controls.

Since November 1, 2011, Diamond's stock price has dropped approximately $25.00 per share, or $550 million in market capitalization.

Hagens Berman encourages investors who purchased Diamond Foods stock (NASDAQ: DMND) between  December  9, 2010 and November 4, 2011, to contact the firm. Hagens Berman Partner Reed R. Kathrein is leading the firm's investigation and can be reached at 510-725-3000 or by clicking here.