US, States Settle Egg Price Probe for $3.3 Million and 50 Million Eggs
Updated
Updated · Bloomberg · Jun 30
US, States Settle Egg Price Probe for $3.3 Million and 50 Million Eggs
2 articles · Updated · Bloomberg · Jun 30
Summary
$3.3 million in civil penalties and donations of more than 50 million eggs will resolve a U.S. Justice Department and state probe into alleged illegal price coordination by producers.
Cal-Maine Foods, Hickman’s Egg Ranch and Versova are the companies covered by the settlement, according to a late-Monday statement from New York Attorney General Letitia James.
The agreement closes a cartel-pricing investigation led jointly by federal and state authorities, tying financial penalties to food donations rather than criminal charges in the report.