Source: NCFB, 2/21/18


On February 20, 2018, U.S. District Court Judge James Dever entered an order in federal district court approving the proposed settlement agreement in Speaks v. U.S. Tobacco Cooperative, 12-cv-729 (E.D. N.C.). The following is an update on the case.
In their complaint against U.S. Tobacco Cooperative (USTC), the Speaks plaintiffs alleged on behalf of a class of current and former USTC members that, among other things, USTC's purpose as an organization ended with enactment of the 2004 federal tobacco buyout. As relief, the plaintiffs asked the District Court to order USTC to distribute its assets to the class. 

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