Milk Producers Agree To Pay $220M To End Price-Fixing Suit

Law360 (December 4, 2019, 6:30 PM EST) -- Dairy producers and buyers said Wednesday they've reached a $220 million settlement to end class action claims in Illinois federal court accusing the producers of orchestrating a price-fixing scheme through a now-canceled program to slaughter dairy cows.

The deal comes after roughly seven years of litigation in a case that had been set to go to trial in October before a successful mediation eventually led to a settlement that requires National Milk Producers Federation to gradually make payments totaling $220 million into a fund for its members’ consumers.

In a motion filed Wednesday seeking preliminary approval of the deal, the lead...

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