$57.75 million in settlements have been reached thus far in a class action lawsuit brought against Birdsong Corporation, Golden Peanut Company, LLC, and Olam Peanut Shelling Company. The two settling defendants thus far are Olam ($7.75 Million) & Birdsong ($50 Million). Golden Peanut Company has not settled yet and is still fighting the charges. The Defendants deny doing anything wrong. The Court has not decided who is right.
Filing Deadline: TBD
All persons or entities in the United States who sold raw, harvested runner peanuts to any of the Defendants, their subsidiaries or joint-ventures, from January 1, 2014 through December 31, 2019 (the “Class Period”). Specifically excluded from this Class are the Defendants; the officers, directors or employees of any Defendant; any entity in which any Defendant has a controlling interest; and any affiliate, legal representative, heir or assign of any Defendant.
The class action plaintiffs alleged that the defendants used their 80-90% market share in the peanut shelling industry to facilitate a price fixing conspiracy to depress the price of runner peanuts. The peanut farmers filed their antitrust class action lawsuit in September 2019, arguing that Olam Peanut Shelling, Birdsong and Golden Peanut conspired together to reduce the price of runner peanuts. This alleged price-fixing was reportedly made possible through the three companies’ significant monopoly. Together, the companies reportedly control around 80% of the peanut-shelling industry. When peanut farmers sold their runner peanuts — a popular peanut variety used to make peanut butter and other snacks — to the defendants, they were allegedly forced to sell their crops for a much lower price than was reasonable. After the defendants shelled the peanuts, they allegedly turned around and sold the products for a high price to candy companies and other manufacturers who use the peanuts. The farmers contend the illegal conspiracy to “drive down the prices they paid America’s peanut farmers for their hard work” stemmed from a record year in 2012 that resulted in increased prices. In response to this drastic change in price, the companies allegedly agreed to conspire together to suppress and maintain the price of peanuts. These practices reportedly violated federal antitrust laws and cause significant financial harm to peanut farmers who had worked hard for their crops.
If you sold runners to ANY OF the Defendants during the Class Period, you may be entitled to a share of the settlement proceeds.
SSR’s Services: Slateshore Recovery (SSR) is a class action claims management consultant; we are not a court appointed claims administrator or class counsel. If you hire SSR, SSR will work within your guidelines to manage the claims process: SSR will notify you when we believe that you may be eligible to participate in valuable settlements; we will take action to assure that all of your eligible business units (e.g., subsidiaries, divisions, acquisitions and divestitures) are included in the claims process; to reduce the support needed from your in-house staff, SSR will provide advice on what, if any, documents need to be collected and maintained, and, when requested, will assist in that effort; when required documents are not available or are too burdensome to collect, SSR will attempt to develop innovative alternatives to satisfy documentation requirements and then negotiate on your behalf to obtain approval of those alternatives; SSR will prepare, assemble and submit your claim package, and manage it throughout the claims processing phase, including working with you to address any concerns or questions the claims administrator may have; SSR will provide regular updates on the recovery process; SSR will review your payment to assure that it has not been under calculated; and SSR will follow up with you to assure that your recovery check is deposited. SSR’s recovery specialists are always available to answer any questions you may have.
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