Logo better3

53 W. Jackson Blvd., Suite 1320
Chicago, IL 60604

In re Dairy Farmers of America, Inc. Cheese Antitrust Litig., 767 F. Supp. 2d 808 (N.D. Ill.)

On January 14, 2013, a class-wide settlement was reached in which the Dairy Farmers of America, Inc. (DAF) agreed to pay $46,000,000.  In this Action, plaintiff alleged the named defendants and unnamed co-conspirators, between April 1, 2004 and December 31, 2006 inclusive, combined, conspired, and agreed to fix or manipulate the prices of CME Class III milk futures contracts, CME Cheese Spot Call contracts, and other contracts the price terms of which were based on the CME Cheese Spot Call price or certain government minimum milk price formulas in violation of the Commodity Exchange Act (“CEA”), 7 U.S.C. §§ 1, et seq., the Racketeering Influenced and Corrupt Organizations Act (“RICO”), 18 U.S.C. §§ 1961, et seq., the Sherman Act, 15 U.S.C. §§1 and 2 et seq., and the Cartwright Act, California Bus. & Prof. Code §§ 16720, 16750, et seq.  The plaintiffs also alleged that the defendants were unjustly enrichment and obligated to make restitution under the common law.