Dean Foods Shareholders Ask For Ch. 11 Committee

By Rick Archer (February 11, 2020, 6:46 PM EST) -- Shareholders in milk producer Dean Foods are asking a Texas bankruptcy judge to appoint a committee to represent them in the company's Chapter 11 case, saying such a committee is needed to counteract the influence of the company's main supplier.

In a Monday filing, the ad hoc shareholder group said an equity holders committee needs to be appointed to protect their interests in what they argued is Dean's still considerable value and because of the "unique position of power" occupied by supplier, creditor and prospective buyer Dairy Farmers of America.

"The historical intertwining of these two companies' operations, to the detriment...

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