Dairy Cos. To Pay $52M In Cow-Killing Antitrust Settlement
Law360, New York (August 23, 2016, 12:11 PM EDT) -- Milk purchasers have asked a California federal judge to approve a $52 million settlement in an antitrust suit alleging dairy companies paid farmers to kill cows to artificially raise milk prices.
The settlement represents about 30 percent of estimated damages from the alleged scheme that were sustained by class members, which include indirect purchasers of milk and other fresh milk products from 2003 through the present in 15 states and the District of Columbia, according to the motion for preliminary approval of the settlement, which was filed Aug. 12 but unsealed Monday.
"This recovery to the class is outstanding, particularly given...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!