Archer Daniels Midland, the agricultural and commodities trading company, was hit with an antitrust lawsuit Wednesday in Illinois Central District Court. The 63-page complaint accuses the defendant of manipulating and artificially depressing the price of ethanol in the U.S. The case was brought by Michael Best & Friedrich and Levin Sedran & Berman on behalf of United Wisconsin Grain Producers, Ace Ethanol and other local and regional corn farmers. Counsel have not yet appeared for the defendant. The case is 2:20-cv-02314, United Wisconsin Grain Producers LLC et al v. Archer Daniels Midland Company.
Agriculture
November 11, 2020, 7:01 PM