Fertilizer companies face class action lawsuit over price fixing

 

In a federal court recently, a manufacturer of fertilizer for farmers and cooperatives filed a class action lawsuit against seven fertilizer companies representing 70% of the world's potash market. Members of the class suit are seeking unspecified damages and a court injunction preventing the potash suppliers from continuing the alleged price-fixing conspiracy.  According to allegations in the complaint, the potash industry is marked by a high degree of cooperation among several large companies, which have overlapping ownership interests and cooperate through reciprocal visits to their production facilities.

Included in the lawsuit is Mosaic of Plymouth, Minn., Agrium of Calgary, Alberta; Potash Corp. of Saskatchewan Inc.; JSC Uralkali of Moscow; RUE PA Belaruskali, of Soligorsk, Belarus; RUE PA Belarusian Potash Co. of Minsk, Belarus; JSC Silvinit of Solikamsk, Russia and JSC International Potash Co. of Moscow.

If you are a direct purchaser of potash from any of the above companies, you are urged to contact our law firm now to protect your legal rights.

Persons seeking to preserve any potential legal claims should contact an attorney promptly, since all states have mandatory time periods in which lawsuits must be filed with the courts; otherwise, they may be forever barred.

Audet & Partners represents individuals, governmental entities, small businesses and institutional shareholders in product liability, tort, negligence, consumer, construction defect, investment fraud, securities, insider trading, antitrust, environmental, whistle blower, aviation and employment cases. In recognition of their outstanding abilities and commitment to the legal profession over the years, the firm and its members have served as Court-appointed Plaintiffs’ Counsel in dozens of federal and state cases throughout the United States.