Louis Dreyfus loses bid to dismiss cotton squeeze lawsuit
Louis Dreyfus Commodities BV lost a bid on Friday to dismiss a lawsuit by traders accusing it of illegally manipulating the price of cotton futures in 2011.
U.S. District Judge Andrew Carter in Manhattan dismissed one claim in the proposed class action but largely allowed the lawsuit to move forward.
The lawsuit has been closely watched in the commodities sector since its filing last year by Mark Allen, a former senior trader at Louis Dreyfus rival Glencore.
- Ag markets posted mixed closes Tuesday afternoon
- $4.7M grant to study fruit genetics, development
- Monitoring corn and soybean consumption
- Seed coating materials market worth $1,426.78 million by 2019
- Major geopolitical trends to impact global agribusiness revealed
- Yara and CF Industries in financial talks
- Despite USDA approval, Enlist trait faces hurdles
- Activist investor Peltz pushes DuPont to split itself
- USDA approves Dow’s Enlist corn, soybean traits
- Mapping technology help farmers understand soil
- Improve nutrient balance to boost corn yields
- Study shows differences in understanding sustainable agriculture
- U.S. GMO labeling foes triple spending in first half of this year
- Activists fighting Golden Rice even more in 2014
- Source shows half of GMO research is independent
- White House issues veto threat on bill to block WOTUS rule
- East-West Seed signs marketing collaboration with Monsanto
- Stoller soybean research produces 214 bushels per acre