New Capital Credits Lawsuit Targets Practice of Discounting Estates’ Capital Credits

A new class action lawsuit was filed on behalf of deceased members of South River Electric Membership Corporation, based in Dunn, N.C.  The complaint centers around the electric cooperative’s practice of discounting the capital credits of estates to present value, …

Capital Credit Litigation Update: Court Affirms Dismissal of Capital Credits Lawsuit

In a previous post, we discussed litigation against cooperatives involving their capital credit practices.  That post contains a link to a summary discussing specific cases.  One of those cases involved Carroll Electric Cooperative Corporation, an Arkansas electric cooperative.  …

Education on Cooperative Principles and Operation

In a prior post discussing the recent wave of class action lawsuits against cooperatives, we proposed a non-legal solution to the problem: education.  Many of the lawsuits were caused, in part, by lack of understanding of cooperative principles and cooperative …

Can the Cooperative Model Help America’s Healthcare System?

Cooperatives are often formed in reaction to a marketplace “failure.” For example, if in a certain industry a monopoly provider maintains high prices for essential services, or for-profit companies simply fail to provide essential services for economic reasons, cooperatives can …