The Ring of Fire
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Dairy Producers To Pay Out $220 Million In Milk Price Fixing Scheme
Posted
December 20, 2019
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6,252
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December 20, 2019
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Dairy producers recently agreed to pay $220 million to resolve claims that they intentionally reduced the number of dairy cows to increase milk costs. Members of the National Milk Producers Federation have agreed to make gradual payments which will eventually cumulate in a $220 million settlement fund. This fund will resolve claims they eliminated dairy cows as part of a price-fixing scheme that affected the cost of cheese, milk and other dairy products. Ring of Fire’s Farron Cousins discusses this with Scott Hardy, President of Top Class Actions.
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