NEWS
Milk Suit Settled for $158 Million
Tue Jan 22, 2013 04:00 PM CST

(Dow Jones) -- The largest U.S. dairy cooperative has agreed to pay $158.6 million to settle an antitrust lawsuit alleging it conspired to suppress milk prices paid to dairy farmers.

The class-action lawsuit alleged Dairy Farmers of America, a dairy-farmer cooperative worked with Dean Foods Co., the largest U.S. milk processor, and other organizations to limit competition across the U.S. Southeast for farmers' milk, thereby depressing prices. The DFA has 14,000 members, some of whom were plaintiffs in the case.

The agreement, disclosed Tuesday, pushes total settlements in the antitrust case to more than $300 million. Dean Foods had already ...

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