Coca-Cola, Pepsico and other buyers of high-fructose corn syrup got $531 million in the largest in a series of settlements arising from charges of price-fixing against Archer Daniels Midland, the agribusiness giant, and its competitors. So by the logic of bounty-hunting, it was only fair for plaintiff’s counsel to pocket a quarter of the sum. (Andy Kravetz, Peoria Journal-Star, Oct. 15; “Archer Daniels Midland to Pay $400M”, AP/Forbes, Jun. 17; account of case at class action firm of Kaplan Fox, Jul. 19).
“Attorneys who fought ADM get $132 million”
Coca-Cola, Pepsico and other buyers of high-fructose corn syrup got $531 million in the largest in a series of settlements arising from charges of price-fixing against Archer Daniels Midland, the agribusiness giant, and its competitors. So by the logic of bounty-hunting, it was only fair for plaintiff’s counsel to pocket a quarter of the sum. […]
Comments are closed.