U.S. markets closed
  • S&P Futures

    4,258.25
    +3.50 (+0.08%)
     
  • Dow Futures

    34,381.00
    0.00 (0.00%)
     
  • Nasdaq Futures

    14,133.25
    +8.50 (+0.06%)
     
  • Russell 2000 Futures

    2,322.60
    -1.00 (-0.04%)
     
  • Crude Oil

    71.19
    +0.31 (+0.44%)
     
  • Gold

    1,862.50
    -3.40 (-0.18%)
     
  • Silver

    27.75
    -0.29 (-1.03%)
     
  • EUR/USD

    1.2124
    +0.0001 (+0.01%)
     
  • 10-Yr Bond

    1.5010
    +0.0390 (+2.67%)
     
  • Vix

    16.39
    +0.74 (+4.73%)
     
  • GBP/USD

    1.4105
    -0.0003 (-0.02%)
     
  • USD/JPY

    110.0970
    +0.0360 (+0.03%)
     
  • BTC-USD

    40,161.45
    +1,078.84 (+2.76%)
     
  • CMC Crypto 200

    1,004.17
    +35.33 (+3.65%)
     
  • FTSE 100

    7,146.68
    +12.62 (+0.18%)
     
  • Nikkei 225

    29,379.35
    +217.55 (+0.75%)
     

Court Preliminarily Approves Class Action Settlement with Golden Peanut

·2 min read

NORFOLK, Va., May 19, 2021 /PRNewswire/ -- Freed Kanner London & Millen LLC and Lockridge Grindal Nauen PLLP ("Class Counsel") announce that the United States District Court for the Eastern District of Virginia, Norfolk Division ("Court") has approved the following announcement regarding the settlement of a class action lawsuit with Golden Peanut for $45 million.

The lawsuit claims that Defendants conspired to suppress competition and to pay depressed prices for Runner Peanuts purchased from farmers in the United States, in violation of federal antitrust laws.

The Court's decision regarding the settlement affects those persons or entities in the United States who sold Runner Peanuts to Golden Peanut Company LLC, Birdsong Corporation, and Olam Peanut Shelling Company (or their subsidiaries or affiliates) from January 1, 2014 through December 31, 2019.

A hearing will be held on July 26, 2021, at 2:30 p.m., before the Honorable Raymond A. Jackson, United States District Judge, at the Walter E. Hoffman United States Courthouse, 600 Granby Street, Norfolk, VA 23510, Courtroom 4 (or such other courtroom as may be assigned for the hearing, or if the Court believes that it is appropriate, remotely by telephone or other electronic means), for the purpose of determining whether to approve the proposed settlement with Golden Peanut.

A Notice was mailed to Class members on or about May 14, 2021. The Notice describes in more detail the litigation and options available to Class members with respect to the settlement. The Notice and other important documents related to the settlement can be accessed at www.PeanutFarmersAntitrustLitigation.com, or by calling (844) 754-7469 or writing to In re Peanut Farmers Antitrust Litigation, P.O. Box 58220, Philadelphia, PA 19102. Those who believe they may be a member of the Class, are urged to obtain a copy of the Notice.

SOURCE: United States District Court for the Eastern District of Virginia, Norfolk Division

URL: www.PeanutFarmersAntitrustLitigation.com

Contact: Brian D. Clark | Partner
LOCKRIDGE GRINDAL NAUEN P.L.L.P.
612-339-6900

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/court-preliminarily-approves-class-action-settlement-with-golden-peanut-301294121.html

SOURCE Freed Kanner London & Millen LLC and Lockridge Grindal Nauen PLLP