Date: April 4, 2002
Source: News Room
A judge has added $7 million to a $45 million judgment against BASF Corp. relating to the New Jersey company's marketing and pricing for Poast and Poast Plus herbicides from 1992-96. The jury's initial award of $15 million in compensatory damages to farmers nationwide was tripled under provisions of the New Jersey consumer fraud statute. The additional $7 million will go to pay lawyers' fees, taxes and other court costs. BASF has said it will appeal the judgment. In the class action, farmers claimed BASF engaged in fraud by marketing the same herbicide as two different products, selling one at a premium price and leading farmers to believe the less expensive product was not registered with the EPA for use on certain crops.
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