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...

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