$140 Million Settlement Agreed in Dean Antitrust Case
US - A federal court judge in Tennessee has given final approval to a $140 million settlement agreement that will end Dean Foods’ involvement in a long-running, multi-district class action suit alleging price-fixing in the dairy industry.
27 June 2012
1 minute read
Dallas-based Dean, the nation’s largest dairy producer, said in a statement it continues “to be confident that we operated appropriately in the Southeast.
“We settled the case to avoid the expense, uncertainty and distraction of litigation and the likelihood of a lengthy appeals process,” the statement said. “We believe the settlement agreement provides for a fair resolution of the issues and appreciate the court’s approval.”
In the suit, filed about four years ago, Dean and several other defendants were accused of conspiring to depress prices paid to dairy farmers in the Southeast.
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