The Latest: Sugar, corn industries sugar-coat court fight

AP News
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Posted: Nov 20, 2015 1:42 PM

LOS ANGELES (AP) — The latest in the settlement between the sugar and corn industries (all times local):

10:30 a.m.

Big Sugar and Big Corn announced they settled their dispute over sweeteners in a statement that sugar-coats their bitter battle.

Both sides issued a statement Friday saying they were committed to practices that encourage safe and healthful consumption of sugar and high fructose corn syrup.

That statement is a far cry from the acrimony on display in a four-year-long court fight.

Sugar processors had sought $1.5 billion in a false-advertising claim against corn refiners and agribusinesses giants for an ad campaign that equated high fructose corn syrup to sugar.

Corn refiners sought $530 million for defamation for statements that said their publicity-plagued product was as addictive as crack cocaine.

No sum was announced with the settlement.

10 a.m.

The sugar and corn industries have reached a secret settlement in their billion-dollar battle over sweeteners.

Both sides announced the confidential deal Friday that puts an end to a trial in Los Angeles federal court that pitted sugar against high fructose corn syrup.

Sugar processors were seeking $1.5 billion in a false-advertising claim against corn refiners and agribusinesses giants Archer Daniels Midland and Cargill.

Sugar claimed it lost money when corn refiners tried to rebrand their publicity-plagued product as "corn sugar" and claimed it was the same as cane sugar.

The corn refiners countersued for $530 million, accusing the sugar industry of making false and misleading statements about their product that had taken a beating over claims it was unhealthy.