• 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
    I’ll admit I felt a twinge of sadness when I read that the Rutland Herald and its sister paper,... Full Story
    Click’d: Herald, Times Argus must be ready to embrace their digital futures
    Several members of Marble Valley League field hockey teams will head to Castleton University... Full Story
    After getting swept off the court last summer, this year’s Vermont Twin State Basketball Classic... Full Story
    More Articles