Dairy Farmers Sue U.S. & Auctioneer

CHICAGO (CN) - The U.S. Secretary of Agriculture is allowing The Seam, a private, Memphis-based electronic auctioneer, to sell millions of pounds of nonfat dry milk at illegally low prices, the National Milk Producers Federation claims in Federal Court. The Seam gets 4.75% commission on its sales, which will release federally purchased milk back into the market, says the Federation, which claims to represent two-thirds of U.S. milk producers.

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Email *

Submit