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Violation Tracker Individual Record

Company: Olam Peanut Shelling Co. Inc.
Current Parent Company: Olam Group
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $7,750,000
Year: 2021
Date: July 27, 2021
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Olam agreed to pay $7.75 million to settle its role in class action litigation alleging that peanut processors conspired to depress prices paid to farmers.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Virginia
Civil or Criminal Case: civil
Case ID: 2:19cv463
Case Name: In Re Peanut Farmers Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Singapore
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: agribusiness
Specific Industry of Current Parent: agricultural commodities
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.