Dairy Co-Op Manipulated Milk Prices: Suit

Law360, New York (December 30, 2008, 12:00 AM EST) -- Dairy Farmers of America Inc., the largest dairy cooperative in the world, and some former executives have been hit with a proposed class action alleging they manipulated the price of cheese sold on the Chicago Mercantile Exchange to reap higher profits on raw milk sales.

In a complaint filed Monday in the U.S. District Court for the Northern District of Illinois, dairy retailer Stew Leonard's Inc. claims the 18,000-member cooperative artificially pushed up the price of raw milk by buying an inordinate amount of cheese on...
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