Cargill Sues Trader Over Invalid Renewable Fuel Credits

Law360, New York (September 19, 2012, 2:40 PM EDT) -- Food giant Cargill Inc. on Tuesday hit commodities trader International Exchange Services LLC with a suit in New York federal court, accusing the company of breaching its contract and violating the federal Clean Air Act by selling invalid renewable fuel credits and then refusing to correct the transaction.

Cargill said International Exchange Services failed to comply with the renewable fuel standards set out under the CAA and breached its contract by failing to provide valid Renewable Identification Numbers, or RINs — 38-character numeric codes generated by...
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