2nd Circ. Affirms $50M Milk Price-Fixing Settlement

By Eric Kroh (April 18, 2017, 5:17 PM EDT) -- The Second Circuit on Tuesday affirmed a $50 million settlement between Dairy Farmers of America Inc. and farmers who leveled accusations of a milk price-fixing conspiracy, rejecting objectors' claims that attorneys representing the farmers colluded with opposing counsel.

There is no evidence of any impropriety in a deal reached to end claims that DFA, DFA-affiliated Dairy Marketing Services and Dean Foods Co. had conspired with companies such as Kraft Foods Inc. and Land O'Lakes Inc. to stifle competition in the supply and purchase of raw Grade A milk in the Northeast, the three-judge panel said in a summary order.

"The objectors...

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