Saturday, May 17, 2003

Six tobacco buyers settle growers' anti-trust claims

As reported in the Richmond paper, by the AP, in the Louisville paper, in Raleigh here and here, and in Myrtle Beach, Philip Morris/Altria and five other tobacco companies have agreed to settle a class-action suit brought by tobacco growers claiming anti-trust violations in the purchase of tobacco. R.J. Reynolds declined to join the settlement.

As recently as 1999, 10 million pounds of burley tobacco were bought at action in Abingdon, as shown here.

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