Archer Daniels Midland Company's $400 million settlement of a lawsuit alleging that it conspired to fix prices of high-fructose corn syrup is the fifth-largest pact resolving an antitrust class action in U.S. history. Archer Daniels, the world's largest grain processor, announced the settlement Thursday. The suit was filed by customers, including PepsiCo and Coca-Cola, that bought the corn syrup in the early 1990s. The customers were seeking up to $1.6 billion in damages.
Posted by Editor at June 18, 2004 01:41 AM