• 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
    A lack of transparency and breach of trust was on the mind of many as the Rutland... Full Story
    Board of Aldermen question refugee representatives
    BENNINGTON — Katie Saunders spaced four singles and was backed by some timely hitting as the... Full Story
    FAIR HAVEN — Otter Valley grabbed a 3-0 lead. Austin Brannock to the rescue. Full Story
    More Articles