Cargill and Morton Salt settle at $11.5m over “pricing conspiracy” lawsuit

By James Sean Dickson
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,...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.