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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Rabobank Released from Involvement in Price Collusion Lawsuit

01/21/2024

In 2023, Judge Thomas Durkin of the Federal District Court of the District of North Illinois dismissed Rabobank as a defendant in the class action lawsuit alleging collusion on pricing among broiler integrators.

 

Plaintiffs’ attorneys recognizing the loss of a deep-pocketed defendant in their shake-down litigation appealed to the Federal 7th Circuit Court of Appeals that upheld Durkin.  Accordingly, the plaintiffs appealed to SCOTUS. The Court justifiably denied certiorari resulting in the standing of the decision of 7th Circuit. 

 

Evidence presented to the Illinois District Court failed to demonstrate that Rabobank had in any way participated in alleged acts of collusion or had any knowledge of any coordination among client companies.


 
Copyright © 2024 Simon M. Shane