US: Dairy Price-Fixing case settled

Residents from more than a dozen states could be eligible for reimbursement if they bought dairy or dairy products since 2003 thanks to a class action lawsuit over inflated milk prices.

A Bay Area law firm filed the lawsuit back in 2011 after an animal welfare group discovered possible price-fixing in the dairy industry.

Compassion Over Killing says they discovered that several dairy producers, representing nearly 70 percent of the milk industry, were conspiring to slaughter cows early – a practice that would limit the raw milk supply and drive prices up.

The “head retirement program” went on between 2003 and 2010, the lawsuit claims.

All the dairy producers named in the lawsuit denied the claims, but agreed to settle the case for $52 million.

Full Content: CBS Sacramento

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