Dean Foods Co., the nation's largest dairy producer, has agreed to settle an antitrust lawsuit filed by Vermont dairy farmers for $30 million.
The Dallas-based dairy giant announced the agreement in a lengthy document filed Thursday with the Securities and Exchange Commission. It also announced plans to issue $400 million in new debt to pay down old debt and named a new chief accounting officer.
Farmers had accused Dean and three other dairy-industry defendants of price-fixing and conspiracy to control the milk market in the Northeast.
In September, a federal judge dismissed some claims against three defendants but let claims stand against Dean.
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