US: Wisconsin dairy closing leads to over 100 job cuts, causes skepticism of nation’s antitrust legislation
An 83-year-old dairy in Wisconsin is closing, resulting in a loss of 113 jobs, and reports are attributing its filing for Chapter 7 bankruptcy in Delaware back to antitrust legislation. The Dairy, named Golden Guernsey, was sold to OpenGate Capital by Dean Foods when Dean Foods was forced to sell assets by the state and US attorney general over concerns of price-fixing in milk sold to schools. Reports say the episode has national political implications, as the suit against Dean Foods was the first antitrust case under the Obama administration. Reports also say that the fallout over the legislation were predicted by Chris Olsen, CEO of ECO, Inc., who was asked to consult the Department of Justice before the ruling, calling it a “train wreck” of a plan. The DOJ originally forced DeanFoods to sell off its assets, including Golden Guernsey, after complaints it was running as a “hypothetical monopolist.” Golden Guernsey sold for $35 million.
Full Content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI