Egg producers settle price-fixing allegations with $1.22B in profits, 53M donated eggs
By
The Associated Press
Summary
The U.S. Justice Department and 17 states reached settlement agreements with three major egg producers — Cal-Maine Foods, Versova, and Hickman's Egg Ranch — resolving allegations that they illegally colluded to artificially inflate egg prices between June 2022 and March 2025, including during last year's record-high prices. The companies made $1.22 billion in profit off a $6 carton and agreed to donate 53 million eggs as part of the settlement, while admitting no wrongdoing.
Source
bskyEgg producers settle price-fixing allegations with $1.22B in profits, 53M donated eggsfortune.comKey quotes
· 3 pulledThe U.S. Justice Department and 17 states reached settlement agreements with three major egg producers this week to resolve allegations that the companies illegally colluded for years to raise prices
None of them admitted wrongdoing.
The states and federal government accused Cal-Maine Foods, Versova and Hickman's Egg Ranch of a behind-the-scenes arrangement to 'artificially inflate the daily price quotations for eggs' between June 2022 and March 2025.
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