Southeastern Milk Antitrust Litigation
Jan 22, 2013OUTCOME: $308 million settlement agreement and includes substantial changes to business conduct in the Southeast dairy industry
The Southeast milk market has been reformed to the benefit of dairy farmers says Steve Terry, an attorney for the Dairy Farmers of America sub-class. n addition to the monetary award, DFA agreed to cha ... nge its business conduct in the Southeast, including taking steps to increase raw milk prices; removing cancellation penalties on certain full-supply agreements with bottling plants and not entering into new full supply agreements during the Settlement’s term; modifying membership agreements to improve farmer ability to change cooperatives; enhancing price-related information on milk checks; boosting transparency through auditing and disclosure commitments; and facilitating delegate votes on additional meaningful changes to conduct.
