July 26, 2021
A Swiss energy trader has asked for class certification in its suit against agricultural processor Archer Daniels Midland Co. for allegedly manipulating the ethanol price in Chicago, which the trader says caused millions in damages.
November 19, 2019
A Swiss energy trader urged an Illinois federal judge Monday not to toss its class suit accusing agricultural processor Archer Daniels Midland Co. of manipulating the Chicago ethanol price, saying Archer Daniels' "alternative story" about how its actions amounted to ordinary competition "quickly falls apart."
November 05, 2019
Agricultural processor Archer Daniels Midland Co. has asked an Illinois federal court to end allegations that the short bets it made on ethanol during a supply glut of the biofuel constituted market manipulation, arguing that its strategy was in line with open-market competition.
September 05, 2019
U.S. ethanol producer Archer Daniels Midland Co. manipulated a key ethanol benchmark price, costing traders hundreds of millions of dollars and shorting Swiss company AOT Holding at least $5 million, the trader said Wednesday in a proposed class action in Illinois federal court.