Posted at 11:45 a.m. on February 25, 2021
The Brillion News
MADISON - The David versus Goliath case of Country Visions Cooperative (CVC) versus international ag giant Archer-Daniels-Midland (ADM) was argued before the Supreme Court of Wisconsin on the morning of Thursday, February 25.
The case is a civil lawsuit, filed by CVC, accusing ADM of violating a "right of first refusal" option that CVC had for a grain terminal property near Ripon.
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The cooperative said ADM wanted to sell the site to United Cooperative and so set the sale price so high that it made no sense for CVC to pay it.
A lower court found the price set by ADM for United as a "sham price" to get around the right of first refusal.
Both sides presented their arguments.
A story in the February 25 print edition of The Brillion News details the arguments heading into Thursday's presentation to the state's highest court.
A story in the March 4 print edition of THE BRILLION NEWS will detail some of the arguments presented by CVC attorney J. Bushnell Nielsen and ADM counsel Ryan Walsh.
At the heart of the case: Can someone violate a right of first refusal agreement by setting a selling price unrealistically high?