• Dairy Farmers of America ends price suit for $50M
    The Associated Press | July 14,2014
    • Email Article
    •  
    •  Print Article
     
    MONTPELIER - 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.
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN This Just In
    LUDLOW — Arlington got 11 points from Riley lane and 10 from Maggie Murphy in cruising to the win... Full Story
    Shop awards gift of knit Welsh flag Full Story
    Vermont Technical College recently announced a new initiative to set new annual enrollment growth... Full Story
    More Articles