A PYMNTS Company

US: Settlement of $158.6M for price-fixing offered by Dairy Farmers of America, others

By  |  January 22, 2013

A settlement of $158.6 million has been reached by Dairy Farmers of America Inc. and other dairy companies over accusations that the companies have been fixing milk prices. DFA would pay $70 million. The lawsuit was first filed in 2007, and a trial was scheduled for Tuesday in federal court in Tennessee. Of those fines, $18.6 million – the equivalent of a 3.3 percent rise in milk prices – would be payed out over two years. Despite the settlement offer, DFA has not admitted to price-fixing.

    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: Sidebar

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