SAN FRANCISCO, Ca. – United States Dairy Producers are expected to pay $52 million to settle a class action lawsuit accusing them of slaughtering cows in order to inflate prices.
Attorneys argued the industry slaughtered more the 500,000 cows in order to reduce milk supplies, forcing dairy prices to rise.
The settlement affects anyone who bought products between 2003 and 2001 in a number of states, including Oregon.
The suit is filed against Dairy Farmers of America, Land O’ Lakes, Dairylea Cooperative, Agrimark, and dairy lobbying group National Milk Producers Federation.
Paul Allen and Bill Gates learned the basics of business from Fortune magazine and dreamed of