• 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
    SPRINGFIELD — Springfield residents will be asked next month during Market Madness for their... Full Story
    PHILADELPHIA — Many delegates from Vermont arrived at the Democratic National Convention this... Full Story
    I could feel the groan rising inside me as I read the subject line of the press release in my... Full Story
    More Articles