NEWS
Potash Miners Settle Antitrust Cases
Wed Jan 30, 2013 02:11 PM CST

TORONTO (Dow Jones) -- Three of the world's largest potash miners said Wednesday they agreed to pay just under $100 million to settle several, private class-action lawsuits that alleged their pricing of the fertilizer ingredient violated U.S. antitrust laws.

The firms, Potash Corp. of Saskatchewan Inc. (POT, POT.T), Minnesota-based Mosaic Co. (MOS) and Calgary-based Agrium Inc. (AGU, AGU.T), all denied the accusations contained in the suits. In separate statements, they said they agreed to settle and pay fines to avoid the costs of fighting the suits further.

"These allegations are completely without merit and we deny all of the claims ...

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