Dairy Farmers to See Big Payout After Price Fixing Settlement

Wed, 01/23/2013 - 11:51am

After ongoing litigation, the Dairy Farmers of America have reached a tentative $159 million settlement with dairy farmers in 14 states who sued the organization over what the farmers called anti-competitive business practices that drove down the price of milk and hurt farming operations by depriving them of revenue. Robert Abrams, the lead attorney for the farmers, said,

"The monetary recovery itself is very substantial and the resulting conduct changes will significantly and positively impact competition in the southeast dairy industry."

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