Georgia Coop Settles Class Action Over Patronage Capital for $98 Million

After nearly four years of litigating a class action over patronage capital, Cobb EMC has agreed to pay a $98 million settlement to nearly one million of its current and former members.  The plaintiffs are to receive their portion of patronage capital (or “capital credits”) they were allegedly owed but never paid.  The Marietta Daily Journal has more.

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