With a trial possibly years away in an ongoing ethanol market manipulation case, plaintiffs are waging a fight for the disclosure of information from Archer Daniels Midland, according to court documents.
Four cases have been combined in the U.S. District Court for the Central District of Illinois in Urbana. All the plaintiffs allege ADM manipulated the ethanol market at a key trading hub between 2017 and 2019.
At the end of last week, AOT Holding AG, Maize Capital Group LLC, Midwest Renewable Energy LLC, Green Plains Trade Group Limited, and a group of six ethanol companies led by United Wisconsin Grain Producers LLC filed a joint motion to compel ADM to respond to their discovery request.
The lawsuits all allege ADM intentionally manipulated and artificially depressed the price of ethanol by targeting ethanol sales activity at the Argo terminal in Illinois.
According to a court order, a trial in the cases is scheduled for Jan. 30, 2024.
Read the full report at Progressive Farmer.
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