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Black farmers will receive settlement payments of $62,500, including $50,000 for the claim and $12,500 for taxes. Of the $1.2 billion, about $91 million was approved for attorney fees.
Update: Lead Class Counsel in the In re Black Farmers Discrimination Litigation (Consolidated Case) are pleased to announce details about the Black Farmers Discrimination Litigation (BFDL) Cy Pres Funds, which are approximately $12 million in settlement funds remaining following the final deadline for successful claimants to cash their settlement checks.
The congressional approval of a whopping $4.6 billion settlement for black and Native American farmers who claimed they were discriminated against has cleared the way for a similar pair of costly ...
About 40,000 black farmers filed claims in the $1.2 billion settlement, which ended a discrimination case against the United States Department of Agriculture. In 2010, President Obama signed the bill authorizing compensation for discrimination in farm lending by federal officials.
After that settlement made news, more black farmers came forward saying they didn’t know about the lawsuit in time to apply for the money. This time, Boyd wasn’t a plaintiff but an advocate on ...
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