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first_imgNortheast Dairy Farmers reached a settlement agreement with Dean Foods Company in their class action antitrust lawsuit against Dean, Dairy Farmers of America (DFA) and Dairy Marketing Services (DMS). The agreement will include $30 million in monetary damages and injunctive relief that calls for Dean to purchase a portion of its raw milk from multiple Northeast sources.”This is a major win for dairy farmers in the Northeast who have been squeezed by monopolization and price-fixing,” said Benjamin Brown, an attorney at Cohen Milstein Sellers & Toll, PLLC, which represents the plaintiff dairy farmers. “We are pleased that Dean Foods is working with plaintiffs to put this practice behind them.”The lawsuit — Alice H. Allen, et al. vs. Dairy Farmers of America — is far from resolved, however, added Kit A. Pierson of Cohen Milstein.”The case is continuing against the remaining defendants, Dairy Farmers of America and its marketing affiliate Dairy Marketing Services,” explained Pierson. “Still at issue are charges that the DFA — the nation’s largest cooperative — monopolized a level of distribution of fluid milk in the Northeast and forced dairy farmers to join DFA or its marketing affiliate DMS to survive.”DFA and DMS have been named in the suit for engaging in monopolization, price-fixing, and other anticompetitive conduct.”The fact that Dean has agreed to purchase raw milk from multiple sources is a big step in the right direction,” said Robert Abrams of Howrey, LLP, which also represents the plaintiff dairy farmers. “What dairy farmers want is a choice between different bottlers. They have been living in a world that is monopolized and they pay the prices that are offered to them or they don’t sell milk. What we want is choice and competition.”The next step is for the U.S. District Court for the District of Vermont — where the lawsuit was filed in August 2009 — to grant preliminary approval of the settlement agreement. Notice will then go out to the estimated 5,000 to 10,000 Northeast dairy farmers who could be eligible to file a claim for monetary damages.Abrams added, “We are pleased that a settlement with Dean has been reached and look forward to a timely court approval.”For more information, visit www.cohenmilstein.com(link is external).SOURCE Northeast Dairy Farmers WASHINGTON, Dec. 24, 2010 /PRNewswire/last_img read more

first_img 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Deciding to retire is a monumental, life-changing event for many CEOs. Some sit on the fence for a few years or have a set target date, while others stay in the role and may or may not be effective. One credit union board chair recently said, “Our CEO has a set date of April 15, 2018.” Another chair had a different story: “We don’t know when he will leave yet; it might be in the next 2–5 years.” The latter response, a clear indication of uncertainty, sets off my risk-alert bell.Boards of directors provide oversight for overall enterprise risk management. A plan for steering the ship is needed even  before the CEO announces her “by when” date. Not preparing a plan and community strategy leaves the organization at potential risk for lack of strategic direction and employee morale.Flight risk for the executive team is also a concern; they want to feel safe in knowing the plan and how they fit into it. Greater uncertainty surrounding the CEO exit date correlates to an organization at risk.Practical and Proactive Steps to Managing Risk of Lost Leadership continue reading »last_img read more