MONTPELIER, Vt. – More than 7,000 Northeast dairy farmers stand to get an average of $4,000 in a proposed settlement with the cooperative Dairy Farmers of America to resolve antitrust allegations.
A final court hearing was held last week in Vermont on the $50 million settlement.
The 2009 class-action lawsuit charged the cooperative, its marketing arm Dairy Marketing Services, and Dallas-based Dean Foods with working together to monopolize the market for raw milk in the Northeast, driving down prices paid to dairy farmers.
Dean Foods agreed to a $30 million settlement in 2011.
To read the rest of the story, please go to: Associated Press
