Dean Foods Settles Vermont Antitrust Lawsuit for $30 Million
Dairy processor Dean Foods Co. will pay $30 million and take other undisclosed actions to settle allegations by a group of dairy farmers that it had monopolized the milk industry in the Northeast, according to the Associated Press. The settlement does not include another major player in the national dairy industry that had been named in the original lawsuit. Dallas-based Dean Foods revealed the settlement in a submission to the Securities and Exchange Commission. It said the company had agreed to the payment as a way to settle the "purported class action antitrust lawsuit." It also said it would agree with other terms and conditions for its "raw milk procurement activities at certain of its processing plants located in the northeast." It did not elaborate.