Flue-cured tobacco settlement
Story Date: 11/1/2017

 

Source: MORNING AG CLIPS, 10/31/17

The following is being released by Shipman & Wright, LLP; Daughtry, Woodard, Lawrence, & Starling, LLP; and Quinn Emanuel Urquhart & Sullivan, LLP about the lawsuit Speaks v. U.S. Tobacco Cooperative, Inc., No. 5:12-CV-729-D, in the United States District Court for the Eastern District of North Carolina.U.S. Tobacco Cooperative, Inc. (“U.S. Tobacco”), formerly known as Flue-Cured Tobacco Cooperative Stabilization Corporation, has reached a $24 million Settlement to resolve claims made by current and former U.S. Tobacco members over reserve funds.  

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