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The Mosaic Company
MOS
today announced that it has agreed to settle previously reported potash
antitrust litigation. The litigation has been pending in U.S. District Court
in the Northern District of Illinois since 2008. Mosaic will pay $43.75
million to settle all claims with both putative classes. Mosaic chose to
settle these claims to avoid the significant costs, burden, and distraction of
protracted litigation.
Mosaic did not admit any wrongdoing and will be released from any liability in
connection with the plaintiffs' claims. The settlement is subject to final
court approval.
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