Judge: Settlement payment to dairy farmers is inadequate

April 9, 2015 4:55 PM

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A judge has rejected a proposed settlement between cooperative Dairy Farmers of America and Northeast dairy farmers over an alleged effort to drive down prices paid to farmers.

U.S. District Court Judge Christina Reiss says the payments to farmers from the $50 million proposal are inadequate if there are no significant changes to how the cooperative does business. She also says the farmers' lawyers would be the primary beneficiaries of the proposed settlement if their fees...

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