A PYMNTS Company

U.S.: $9.5 billion price-fixing case against dairy industry proceeds

By  |  November 2, 2012
U.S.: $9.5 billion price-fixing case against dairy industry proceeds

A U.S. District Court in California has denied the dairy industry’s motion to dismiss in a case against the sector’s alleged price-fixing. According to charges filed, $9.5 billion has been earned by the dairy industry through fixing prices, allegedly accomplished by slaughtering more than 500,000 cows to decrease supply. Among those charged are the National Milk Producers Federation, Dairy Farmers of America, and Land O’Lakes. The District Court denied a claim by defendants that the court did not have jurisdiction over the case.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Voices of Compassion

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.