More Re: [PEN-L] The New York Times coverup of ADM

[Eugene Coyle]

The judge I referred to is Milton Shadur.  The case got settled in 1996 for $45 million, though it was argued that ADM itself had set aside $50 million for its share alone -- among multiple defendants.  It was argued that the damages were $180 million, which, tripled would be over half a billion.  

andie nachgeborenen wrote:

Judge Blanche Manning is a woman, actually, and a fine saxaphone player. Don't unestimate the effect of prison time on the haute bourgeoisie, though, even though many people think she went too easy on ADM and too hard on the mole. jks

Ian Murray <[EMAIL PROTECTED]> wrote:

----- Original Message -----
From: "Eugene Coyle"



> GE's fines are probably much lower. Most of the GE convictions were
> decades ago -- though not all. Maybe a smaller total of fines is
> evidence of more political clout?
> Part of the ADM story is the judge's sabotage of the civil lawsuits
> on anti-trust damages. He put the case out to the lowest bidding law
> firm and they quickly settled it to cash it in. So ADM's lawsuits got
> low-balled along with the fines. But at least one Andreas went to jail,
> so I guess "the system works." Not.
>
> Gene

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GE comes out on top: $982million in fines since 1990.

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