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Home / Verdicts & Settlements / Tobacco coop settles class action for $24M (access required)

Tobacco coop settles class action for $24M (access required)

Deal reached after plaintiffs rejected $76M proposal in 2005

U.S. Tobacco Cooperative Inc. has reached a $24 million settlement with farmers and their heirs who brought a federal class action in an attempt to force the agricultural cooperative to distribute its reserves and be judicially dissolved. The suit followed the enactment of the Fair and Equitable Tobacco Reform Act in 2004, which ended the Tobacco ...

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