Potato Growers Strike $25M Deal To End Antitrust Claims
Law360, New York (June 18, 2015, 5:02 PM EDT) -- An Idaho federal judge on Wednesday signed off on preliminary agreements between potato growers and classes of direct and indirect purchasers that would settle various antitrust claims for a combined $25 million and forbid schemes like those alleged in the complaints.
The funds — to be diverted into a $19.5 million pot for direct purchasers and a $5.5 million pool for indirect purchasers — would settle claims that the growers violated the Sherman Act by conspiring to control and suppress the nation's potato supply by agreeing to restrict acreage planted to potatoes, diverting potatoes into nonfresh markets and restricting the flow...
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