ADM to pay $45 million to settle peanut farmers’ price-fixing claims
Wall Street Journal: Agricultural company Archer Daniels Midland Co. said it would pay $45 million to settle price-fixing allegations leveled at its peanut processing division. The settlement by the Chicago-based company aims to resolve a civil lawsuit filed by nearly 12,000 U.S. peanut farmers, who accused the nation’s top peanut processors of colluding to hold down prices paid to growers. ADM denies any wrongdoing in the case.
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