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U.S. Appeals Court Reverses Summary Judgment in In re HFCS Antitrust Litigation

6/19/02

On June 18, 2002, the United States Court of Appeals for the Seventh Circuit reversed summary judgement for defendants in the High Fructose Corn Syrup ("HFCS") Antitrust Litigation, thus reinstatingclaims that Archer Daniels Midland Co. ("ADM"), Cargill Incorporated, A.E. Staley Manufacturing Co., and American-Maize Product Co. had conspired to fix prices and allocate volumes of HFCS. The Seventh Circuit ordered that the case be sent back to the federal district court in Peoria, Illinois, for trial.

HFCS is a sweetener used in soft drinks, bakery products, confections and other consumer food items. The plaintiff class consists of HFCS purchasers who bought directly from ADM, Staley, Cargill, American Maize and CPC International from July 21, 1991 to June 30, 1995, inclusive. CPC had previously settled with the class in September, 1996. Berger & Montague, P.C., serves as co-lead counsel for the plaintiff class. Further inquiries may be direct to H. Laddie Montague, Jr., at (215) 875-3000.

For access to the Opinion of the Seventh Circuit Court of Appeals and other information and updates related to this case, proceed to the In re HFCS case page by clicking here.



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