In market manipulation case, ADM wants it moved to Illinois; Green Plains fights change of venue
The U.S. District Court for the District of Nebraska has stayed proceedings in a lawsuit alleging ethanol market manipulation by Archer Daniels Midland, pending a motion to change venue in the case, reports theProgressive Farmer.
Omaha-based Green Plains Inc.提起class-action lawsuitin the court in July alleging ADM conducted a scheme to illegally depress the ethanol cash spot market.
Green Plains attorneys filed a brief on Tuesday opposing a change of venue from the Nebraska court to a district court in Illinois where ADM is headquartered.
There are two other similar lawsuits filed in the U.S. District Court for the Central District of Illinois, one by Midwest Renewable Energy and another by Swiss company AOT Holdings. Both cases allege ethanol market manipulation by ADM.
Read the full reporthere.
US Corn Price Idx:ZCPAUS.CM
open: 7.1488
high: 7.3886
low: 7.0173
close: 7.0525
US Soybean Price Idx:ZSPAUS.CM
open: 15.7324
high: 16.5525
low: 15.3323
close: 15.3637
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.0002
高:9.0773
low: 8.5501
close: 8.6212
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 8.1033
high: 8.308
low: 7.749
close: 7.8078
Copyright © 2022 WATT Global Media. Allmarket datais provided by Barchart Solutions. Futures: at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please seedisclaimer.
