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A.E. Staley Manufacturing Co.


A nearly decade-old legal case involving several corn processors who allegedly fixed the price of high fructose fructose (frŭk`tōs), levulose (lĕv`yəlōs'), or fruit sugar, simple sugar found in honey and in the fruit and other parts of plants.  corn syrup corn syrup

Sweet syrup produced by breaking down (hydrolyzing) cornstarch (a product of corn). Corn syrup contains dextrins, maltose, and dextrose and is used in baked goods, jelly and jam, and candy.
 ended when the last of the companies settled a class-action lawsuit lawsuit: see procedure; tort. . A.E. Staley Staley may refer to: People
  • Layne Staley, lead singer of Alice in Chains and Mad Season
  • Michael J. Staley, Orchestral Composer, Portfolio Manager, Pilot
  • Duce Staley, professional American football player
 Manufacturing Co. agreed to pay $100 million, pending final approval of the U.S. District Court in Peoria, Ill. The agreement brings to $531 million the amount plaintiffs have agreed to pay to settle the lawsuit, which claims the companies conspired to fix the price of high fructose corn syrup.
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Title Annotation:At Closing News
Publication:Agri Marketing
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 2004
Words:83
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