Cargill and Morton Salt settle at $11.5m over “pricing conspiracy” lawsuit
Published: Thursday, 04 June 2015
No evidence of salt market pricing collusion was found by Ohio’s attorney general, but both Cargill and Morton have elected to settle to avoid expensive legal fees. Local governments in the state will be able to claim payments towards the beginning of winter.
Privately owned US agribusiness Cargill
Inc. and salt supplier Morton Salt Inc., a subsidiary of German
potash producer K+S AG, have settled over a lawsuit with Ohio
state regulators in the US regarding allegations that the two
companies fixed prices for de-icing salt.
The Ohio Attorney General, Mike DeWine,...