Justice Department and 17 states reach $3.3M settlement with egg producers over price-fixing allegations
By
Wyatte Grantham-Philips
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 — to resolve allegations of illegal collusion to inflate egg prices between June 2022 and March 2025. The companies are accused of artificially inflating daily price quotations for eggs, including during record-high prices last year. The settlements require the companies to collectively pay $3.3 million, donate 53 million eggs, adopt antitrust compliance programs, and cease communications with competitors about pricing. The settlements still require court approval, and critics argue the terms are too lenient.
Source
bskyJustice Department and 17 states reach $3.3M settlement with egg producers over price-fixing allegationsapnews.comKey quotes
· 5 pulledThe 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.
To resolve the states' claims, the settlements require the companies to collectively pay $3.3 million and donate 53 million eggs.
They must also adopt antitrust compliance programs and stop communicating with competitors about pricing.
The settlements still require court approval.
Critics criticized the terms, saying they're too lenient.
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