What is the milk lawsuit?
The 'Bought Milk' lawsuit was brought against dairy producers claiming price-fixing -- businesses agreeing with one another to only sell products for a certain price, leading to higher out-of-pocket costs for buyers.
Does Arizona milk suit cover Arizona?
The suit covered anyone who purchased milk in 15 states, including Arizona, for the 14 years prior to 2017. All you needed to do was fill out an online form.
What are the dairy farmers accused of?
and Agri-Mark Inc. are accused of conspiring to fix prices of certain dairy products. They have agreed to settle this lawsuit to avoid a trial but deny the allegations. The evidence provided allegedly reveals that CWT participated in antitrust conspiracy by slaughtering dairy cows in their herds prematurely in Apr. 1 2009. They allegedly did this to maintain high product prices.
Why is price fixing illegal?
Reason Why Price Fixing Is Illegal. The law of demand and supply allows for healthy competition between companies in the market place . For example, if there is oversupply of a certain product some companies distributing the product will lower the price while others will not.
What is boughtmilk.com?
The boughtmilk.com website is associated with a trendy Settlements sector. We wanted to see what they say about themselves, so we tried to extract a short paragraph from their page below:
Where to report a scammer?
During the pandemic, a plethora of fraudulent websites came out like a plague. How to report a scammer? Whether the website is from the same Settlements sector as boughtmilk.com or not, you can report it to the Federal Trade Commission. Write the names of the shady businesses in the comments section below, too.