$62.5 Million Available For Farmers Who Purchased POAST®
BASF Corporation Fraudulently Marked Same Herbicide as Two Different Products at Different Prices Farmers who purchased the BASF herbicide POAST® may now be eligible for cash benefits from a $62.5 million fund established from the judgment of a class action lawsuit. The lawsuit claims that BASF Corporation fraudulently marketed the same herbicide as different products — POAST® and POAST Plus® — at different prices in order to obtain inflated prices from “minor crop” farmers. Minor crop farmers are growers of sugarbeets, sunflowers, potatoes, field beans, fruits and vegetables, and flowers. If the distribution plan is approved by the Court, it will provide for a fund to be distributed to those who submitted valid claims. How much they receive will depend on the number of gallons purchased and the total number of valid claims filed. More details about the $62.5 million fund and how to file a claim are available at www.POASTclassaction.com or by calling 1-800-678-9587. To obtain a payment, you must have purchased POAST® between January 1, 1992 and December 31, 1996 and must file a valid claim form by May 16, 2007. Proof of purchase is required to file a claim. The final approval hearing will be held on June 5, 2007. Because of another lawsuit, this class action excludes North Dakota residents who purchased POAST® in North Dakota. Comments from Douglas J. Nill, Class Counsel for Farmers Produced for Farmers’ Common Fund
