Deloitte will pay shareholders in ASX-listed food producer Noumi more than $31 million in one of the biggest settlements reached between aggrieved investors and the auditor of the company they are suing.

Noumi and Deloitte were sued by investors who alleged they had lost money because the company’s accounts did not provide “a true and fair view” of its performance between 2014 and 2020, then known as Freedom Foods.