The Mosaic Co. has agreed to settle previously reported potash antitrust litigation. The litigation has been pending in U.S. District Court in the Northern District of Illinois since 2008. Mosaic will pay $43.75 million to settle all claims with both putative classes. Mosaic chose to settle these claims to avoid the significant costs, burden, and distraction of protracted litigation.
Mosaic did not admit any wrongdoing and will be released from any liability in connection with the plaintiffs’ claims. The settlement is subject to final court approval.
Written by
Senior Online Editor, CropLife
Matt Hopkins is Senior Multi-Media Specialist for the Agribusiness Group at Meister Media Worldwide (MMW), including such brands as CropLife, CropLife IRON, AgriBusiness Global, Global Agtech Initiative, and Cotton Grower. He is responsible for managing an array of digital products, including newsletters, websites, video, and social media. Hopkins originally joined MMW in 1994 as an editor for Greenhouse Grower magazine before transitioning to Business Manager of its MeisterPro division. He has a Communications Degree from Cleveland State University.
