Class action status is being sought in a lawsuit filed against the Flue-Cured Tobacco Cooperative Stabilization Corp. on behalf of a group of tobacco growers in southeastern North Carolina. The suit is seeking disbandment of the cooperative, which has member farmers from Virginia to Florida, and distribution of the $245 million in stockholder equity to its members.
The farmers claim that the co-op's primary function ceased to exist with the federal buyout of tobacco quotas and the end of tobacco price supports. According to an attorney for the plaintiffs, "We believe their primary purpose is no longer being served. These growers are entitled to their equity credits, and the corporation should be dissolved."
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we raise tobacco from 1957 until 1976 my husband pass awayi2001 in WAYNE county and Johnston we might of raise some in Wilson county we had a lot of tobacco his name was Charles Wilbert Radford he went by Wilbert.
Posted by JEFF SOUTHERN
MY FATHER FARMED MOST OF HIS LIFE.I AM AN HEIR OF A MEMBER WHO SOLD TOBACCO CROPS BETWEEN 1967-1973.I RECIEVED A CARD IN MAIL BUT HAVE MISPLACED IT.
Posted by aberdeen allen
How does one fid out if they qualify for the lawsuit? How do you find out if your farm was a member of the co-op?
Posted by Lena Jackson
I am the heir of a member who had sold tobacco between 1967- 1973
Posted by William E Jones Jr.
I am the heir of a member who had and sold tobacco crops between and including 1967-1973.
Posted by GEORGE E ROSE
I agree that the co-ops primary function ceased to exist with the federal buyout of tobacco quotas and the end of tobacco price supports.
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