Dairy Farmers of America Ends Price Suit for $50M

July 14, 2014 08:46 AM
 

The cooperative Dairy Farmers of America has agreed to pay a total of $50 million to thousands of Northeast dairy farmers to settle antitrust allegations.

A class-action lawsuit filed in 2009 charged Dallas-based Dean Foods, DFA, and the cooperative's marketing arm, Dairy Marketing Services, with working together to monopolize the market for raw milk in the Northeast, driving down prices paid to dairy farmers.

DFA does not admit any wrongdoing under the terms of the settlement. It says the legal costs have become too great.

The settlement agreement is preliminary and must be approved by a judge.

Dairy processor Dean Foods Co. agreed to a settlement of $30 million in 2011.

Back to news

Comments

 

Rate this News Article:

Spell Check

No comments have been posted to this News Article

Markets

Market Data provided by Barchart.com
brought-by

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

 
Close