220M settlement agreement reached in National Milk Producers herd retirement case

220M settlement agreement reached in National Milk Producers herd retirement case

A class-action lawsuit between retailers and the National Milk Producers Federation might end in a 220-million-dollar settlement.  National Milk’s President and CEO Jim Mulhern says, “We’re really trying to avoid the clearly, very crippling damage we would have suffered as a dairy industry had there been a four-billion dollar judgement against the dairy industry.”

Mulhern tells Brownfield it’s disappointing and frustrating that NMPF and the member cooperatives had to go through this legal process.

Continue reading 220M settlement agreement reached in National Milk Producers herd retirement case at Brownfield Ag News.