Cotton Yarn Antitrust Litigation

Beginning in March 2004, numerous class action lawsuits were filed against Defendants by direct purchasers of Cotton Yarn. The cases have been centralized in the United States District Court for the Middle District of North Carolina. Plaintiffs allege that Defendants entered into and implemented a contract, combination and conspiracy to fix, raise, maintain or stabilize prices for Cotton Yarn sold in the United States in violation of Section 1 of the Sherman Act, 15 U.S.C. §1. Plaintiffs further allege that as a result of the conspiracy, they and other purchasers of Cotton Yarn paid more for Cotton Yarn than they would have paid absent the conspiracy, and they seek to recover treble damages together with reimbursement of costs and an award of attorneys' fees.

Defendants deny Plaintiffs' allegations. At this time, neither Plaintiffs nor Defendants have proven their assertions. The Court expresses no opinion as to whether Plaintiffs' allegations are correct or whether Defendants have engaged in any wrongdoing. The purpose of this Notice is to inform you of (a) the certification of the Settlement Class, (b) the Court's final approval of the settlement with the Parkdale Defendants, and (c) the scheduling of a hearing to consider approval of the Class Plaintiffs' plan of allocation of the settlement fund and their request for an award of attorneys' fees and reimbursement of costs.

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