The Dairy Farmers of America, which agreed to settle with a class of dairy farmer last January over allegations the group fixed milk prices, has had its offer for a $158.6 million settlement accepted by at US federal judge on Friday. The settlement, approved by US District Judge J. Ronnie Greer in Tennessee, ends a case that began more than five years prior as a class action, filed by dairy farmers in 2007, accused the marketing cooperative of colluding to set milk pries across the Southeast US. Among the claims made by the plaintiffs was that the DFA, along with others, signed exclusivity contracts with Dean Foods Co., which bottles milk. In a separate ruling, a $52.8 million lawyers’ fee was also approved.
Full Content: Thomson Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI