Company’s manipulation of ethanol prices caused ethanol producers to suffer significant losses on ethanol production and sales
CHICAGO – A class action lawsuit was filed in Nebraska federal court against Archer Daniels Midland Company (NYSE: ADM), one of the world’s largest food processing and commodities trading companies, alleging that it engaged in an illegal scheme to manipulate the U.S. ethanol markets. The lawsuit was filed on behalf of ethanol producers and led by Green Plains Inc. and certain of its subsidiaries (NASDAQ: GPRE).
“The markets depend on fair pricing and legal conduct by all participants. We encourage everyone with knowledge and those that care about fair and equitable marketplaces to come forward”
“The markets depend on fair pricing and legal conduct by all participants. We encourage everyone with knowledge and those that care about fair and equitable marketplaces to come forward,” said Adam Levitt, a partner with DiCello Levitt Gutzler in Chicago, representing the Green Plains plaintiffs and the other members of the proposed class. Levitt is joined in the case by Greg Gutzler, John Tangren, and Mark Hamill of DiCello Levitt Gutzler, and by David A. Domina of Domina Law Group.
The case is Green Plains Trade Group, et al. v. Archer Daniels Midland Company, in the United States District Court for the District of Nebraska. A copy of the complaint and interviews with plaintiffs’ counsel are available upon request.
About DiCello Levitt
DiCello Levitt combines excellence in commercial litigation, class action litigation, mass tort litigation, catastrophic injury litigation, medical malpractice litigation, and civil rights litigation. Practicing nationwide—and internationally—from offices in Chicago, Cleveland, New York, and St. Louis, we are an aggressive, attentive, and creative complex litigation firm whose work speaks for itself—billions of dollars in recoveries in some of the highest-profile matters in U.S. history. Revered by clients and respected by our opponents, our team gets results.
About Domina Law Group
A firm rich with history, Domina Law Group was founded in 1975, and ever since our trial lawyers have been serving clients in Nebraska and throughout the country with multimillion-dollar case results in eleven states. Dedicated to representing the needs of clients throughout the country, we have built a reputation for ethical and aggressive legal representation, all while professionally expressing the invested interests of our clients. Today, our philosophy centers on how we can best help our clients both in and out of the courtroom. With this in mind, our immediate aim is to provide service that will not only ease the worries of our clients, but also offer satisfactory solutions that will uphold the tests of time and adversity.