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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 /fruc·tose/ (frook´tos) a sugar, C6H12O6, found in honey and many sweet fruits; used as a fluid and nutrient replenisher.

fruc·tose (frk
 corn syrup ended when the last of the companies settled a class-action lawsuit. A.E. Staley 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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