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US: $50 million awarded to dairy farmers in antitrust suit

By  |  February 4, 2015

More than 7,000 Northeast dairy farmers could get an average of around $4,000 in a proposed settlement with the cooperative Dairy Farmers of America over an alleged effort to drive down prices paid to farmers.

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. Dean Foods agreed to a separate $30 million settlement in 2011.

A judge is expected to decide in the coming months whether to approve the cooperative’s settlement, and farmers now have until the end of May to submit a claim.

 

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