Authored by Bryan Hyde via American Greatness,Three major egg producers have reached a $3.3 million settlement to resolve allegations of price fixing after being sued by the Justice Department (DOJ) and 17 U.S. states’ Attorneys General.Just the News reports that the complaint—filed in Iowa’s Northern District Court—contends that the defendants conspired to artificially inflate the daily price quotations of market reporting company Urner Barry Publications.According to the DOJ Office of Public Affairs, a civil lawsuit was filed against Cal-Maine Foods Inc. (Cal-Maine); Hickman’s Egg Ranch Inc. (Hickman’s); and Centrum Valley Holdings LLC, Versova Holdings LLC, and Versova Management Cooperative (Versova) for unlawful coordinated manipulation of egg prices.The Attorneys General of Arizona, California, Colorado, Connecticut, Florida, Hawaii, Iowa, Maryland, Minnesota, New York, North Carolina, Ohio, Pennsylvania, Texas, Utah, Vermont, and Wisconsin joined the Department in the complaint and proposed settlements.“No product more quintessentially represents affordability than the price Americans pay for eggs,” said @ASGWoodward. “These actions prove this Department’s continued commitment to protecting competition and providing real relief for everyday Americans’ pocketbooks.” https://t.co/BU8Hm5Q9HF
Egg Producers Reach State And Federal Settlement Over Price-Fixing Allegations
...in a unique deal, the companies must donate 53 million eggs to food banks and community organizations in the affected states.










