U.S. Farmers Sue Australian Rival Over Oil-For-Food

Law360, New York (April 17, 2007, 12:00 AM EDT) -- Wheat farmers in the U.S. have filed a lawsuit that could top $100 million in damages against disgraced Australian wheat seller AWB Ltd., claiming that the millions of dollars in bribes it paid the Saddam Hussein regime in the United Nations’ Oil-for-Food program significantly harmed their sales.

The proposed class action, filed Monday in the U.S. District Court for the Southern District of New York, accuses AWB and its U.S. subsidiary of violating federal antitrust and racketeering laws for paying the Iraqi government about $224 million...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.