NEW YORK — Milk and dairy producer Dean Foods Co. has reached a settlement worth as much as $140 million in an antitrust class action filed on behalf of 7,200 dairy farm plaintiffs in the southeastern United States.
Dean Foods would pay into a fund earmarked for class members. An initial payment of $60 million will be made once U.S. District Judge J. Ronnie Greer gives the accord his preliminary approval. The company will pay off the balance of the settlement in $20 million installments over four years.
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