Q:

What is the final settlement amount of the Black Farmers Discrimination Litigation case? [DIFFICULT]?

A:

Quick Answer

The settlement amount of the Black Farmers Discrimination Litigation case was $1.25 billion, according to In Re Black Farmers Discrimination Litigation Settlement. It also provided reductions or forgiveness of United States Department of Agriculture loans for certain qualifying class members and reimbursement for income taxes owed on award funds.

Continue Reading

Full Answer

Settlement amounts for claimants depended on whether they filed a claim under Track A or Track B settlement options, notes In Re Black Farmers Discrimination Litigation Settlement. Track A provided an expedited process that awarded successful claimants up to $50,000, payments applied to outstanding debts owed to the USDA, and payment for taxes of 25 percent of cash and loan awards. Track B provided up to $250,000 of actual damages to successful claimants.

Learn more about Law

Related Questions

Explore