Archer Daniels Midland Co. has set aside $54 million to resolve Foreign Corrupt Practices Act probes of the commodities trading corporation and food processor by the U.S. Securities and Exchange Commission and the U.S. Department of Justice, $29 million more than it had previously estimated, the company said Tuesday.
Two consumer groups on Friday opposed the U.S. Food and Drug Administration's bid to erase a court-mandated November deadline for the proposal of a rule meant to prevent terrorist attacks on the nation's food supply, calling the request “unconscionable.”
Years ago, a consultant at my law firm told us that, as a Midwest firm, we could not land private equity transactional work on the coasts. This comment formed the basis for my personal business plan of landing private equity clients on the coasts, says Frank Bennett of Lindquist & Vennum LLP.
The U.S. Food and Drug Administration on Friday identified a Taylor Farms unit in Mexico as the supplier of a salad mix that has been linked to a foodborne illness outbreak that has sickened 400 people nationwide.
Idahoan Foods LLC Chairman Ron D. Offutt Jr. has sued his insurer Twin City Fire Insurance Co., alleging the company hasn't covered legal costs he's incurred while defending himself in antitrust lawsuits, including two class actions, tying him to alleged price-fixing in the potato industry.
A French court again overturned a ban on genetically modified corn made by Monsanto Co. on Thursday, saying the French government had not demonstrated that it threatened human health or the environment.
Bankrupt AgFeed Industries Inc. won court approval Thursday for sales procedures that give parties three weeks to top the $79 million stalking-horse bid for the hog farmer's U.S. operations, fending off arguments that the auction terms would restrict competing offers.
Japan said Tuesday that it would resume importing wheat from the U.S., two months after it banned the shipments when a rogue strain of genetically modified wheat was discovered in a field in Oregon.
Food industry groups on Tuesday warned New York Assembly Democrats pushing for the labeling of genetically engineered foods that the passage of such laws at the state level could create a hard-to-navigate patchwork of statutes that would impede the food supply.
An ad hoc committee of equity security holders in the AgFeed Industries Inc. bankruptcy case Monday blasted the hog farmer's plan for a $79 million stalking horse sale, arguing the company could be worth more than twice as much, but the auction timetable won't allow it to realize that value.
A coalition of environmental groups on Friday sued the New York State Department of Environmental Conservation, alleging its deregulation of some industrial dairy farms, intended to increase the state’s yogurt production, will lead to the contamination of nearby waters.
The long-term surplus sugar problem plaguing the domestic market may have a new solution if a U.S. Department of Agriculture final rule announced Friday to sell excess sugar to bioenergy producers is implemented.
Chiquita Brands International Inc. urged a Florida federal court Wednesday to reconsider rulings that kept alive two actions in multidistrict litigation concerning the company's payments to Colombian paramilitary and guerilla groups who allegedly murdered thousands, arguing subsequent appellate decisions have negated the rulings.
Cal-Maine Foods Inc., the country's largest egg producer, announced Tuesday that it has agreed in principle to pay $28 million to settle with all direct purchasers in multidistrict litigation accusing a host of egg trade groups of a long-running scheme to limit production and drive up prices.
A Washington federal judge Monday refused to grant a new trial to the U.S. Equal Employment Opportunity Commission after a jury rejected a suit brought on behalf of Evans Fruit Co. workers who accused the apple producer of subjecting female employees to a culture of unwanted sexual advances.
The U.S. Food and Drug Administration asked a California federal judge on Friday to push back the November deadline she has set for the proposal of two major food safety regulations, arguing that rushing out the rules could hurt their effectiveness.
I know a lot of lawyers who will go to an event and, unless there are general counsel in the room, they’re out of there. That’s a mistake, says Clayton Bailey, a founder of trial and appellate firm Bailey Brauer PLLC.
Cermaq ASA will unload its prized fish-feed unit to a buyer group including Bain Capital LLC and Altor Equity Partners in a deal worth $1.1 billion, it said Thursday, ending a saga that forced the Norwegian fish farmer to upend its strategic plan.
European Union member states on Tuesday backed a plan to restrict the use of Fipronil, an insecticide recently identified as posing an acute risk to Europe’s honeybee population.
A District of Columbia federal judge on Thursday awarded $90.8 million in fees to class counsel for black farmers in a historic discrimination case against the U.S. government, saying the attorneys' "utmost professionalism" entitled them to the maximum award under the settlement of the litigation.