We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Dairy Co-Op, Execs Settle Antitrust Suit For $12M

Law360 (December 16, 2008, 12:00 AM EST) -- The Dairy Farmers of America and two of its former executives have agreed to pay $12 million to end a federal probe into allegations that the 18,000-member cooperative manipulated milk and cheese prices.

On Tuesday, the U.S. Commodity Futures Trading Commission announced the civil penalty and settlement with the dairy cooperative, former CEO Gary Hanman and former Chief Financial Officer Gerald Bos.

The commission said the DFA suggested the deal in anticipation of administrative proceedings, which the CFTC initiated Tuesday along with the settlement. The cooperative...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.